Business
Boral says reject opportunistic Seven Group bid – The Australian Financial Review
John Wylie’s Tanarra Capital wants Boral to accelerate a renewal of the board following the Seven Group bid.
Mr Wylie said the Seven Group offer lobbed on Monday night should hasten the board renewal.
Given these developments we think its appropriate to accelerate those plans and give clarity about who will be taking the company forward, he said.
The Boral board on Tuesday urged its 80,000 shareholders to reject what they say is an opportunistic bid from Seven Group that undervalues the company. Boral shares climbed by 3.4 per cent to close at $6.72 on Tuesday, well beyond the $6.50 per share offer price.
…
-
Business24 hours ago2 Low Cost Active ASX ETFs to consider
-
Noosa News23 hours agoQueensland government to review greenhouse gas emission reduction targets
-
Noosa News21 hours agoStar Entertainment signs $300m lifeline deal with US gaming giant Bally’s
-
Noosa News21 hours agoCopperString transmission line projected to cost almost $14b amid massive blowout