Boral’s independent directors have urged shareholders in the cement and asphalt group to reject a $1.9 billion buyout offer by the billionaire Stokes family’s Seven Group because it undervalues the company.
But Boral chairman Ryan Stokes, who is also the chief executive of Seven, disputed the board’s recommendation.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
