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Stokes’ Boral mop-up comes with carrots and a big stick

Seven’s bid to buy the rest of Boral comes with several sweeteners, but one big stick that could leave Boral investors in a tough spot.

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Ryan Stokes has apparently seen enough. Just weeks after building materials giant Boral delivered a powerhouse result, capped off with a double-digit EBIT margin, the Seven Group chief executive has launched a bid to mop up the 28.4 per cent of Boral that Seven doesn’t own.

The offer comes with several carrots, and one big stick.

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    Original URL: https://www.afr.com/chanticleer/stokes-boral-mop-up-comes-with-carrots-and-a-big-stick-20240219-p5f60g