Control of Boral is changing hands without a decent premium thanks to a masterful strategic play by Kerry Stokes, who was up against a board with poor defences.
West Australian billionaire Kerry Stokes is in the middle of pulling off the “bargain of the decade” with his purchase of effective control of building and construction products group Boral.
That’s the view of Sandon Capital’s Gabriel Radzyminski, who made a handsome profit on his Boral investment as the stock rose from a low of $2 in March last year to $7.39.
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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
