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Boral reaches crunch point

The release this week of an independent valuation of Boral shares will be critical to the ownership of the company and possibly the outcome of the $8 billion Seven Group takeover offer.

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Building and construction materials group Boral looks to have escaped the clutches of Seven Group Holdings in the short term, but the long-term prognosis is not good.

What Seven Group founder and executive chairman Kerry Stokes wants in business he usually gets. In this case he wants to get control of Boral by lifting his stake from 23 per cent to 30 per cent without paying a premium to minority shareholders.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
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    Original URL: https://www.afr.com/chanticleer/boral-reaches-crunch-point-20210608-p57z85