Kerry Stokes-controlled Seven Group is set to officially open its takeover offer for Boral on Tuesday as the target’s current share price leaves Boral’s 80,000 shareholders with little incentive to take it up.
Boral shares in early afternoon trading Monday were about $6.75 as Seven prepared to formally open its $6.50-per-share off-market takeover, scheduled to run for a month from May 25.
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
