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Wylie says Stokes aims to control Boral without paying premium

Simon Evans
Simon EvansSenior reporter
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John Wylie’s Tanarra Capital says the Kerry Stokes-controlled Seven Group is trying to gain control of Boral without paying a premium and also urged the building products group to sharply accelerate its plans to install a new board chairman.

Mr Wylie, the investment banker turned private-equity-style investor, said if Seven Group reached its aim of 30 per cent of Boral it would have effective control.

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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
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    Original URL: https://www.afr.com/companies/infrastructure/wylie-says-stokes-aims-to-control-boral-without-paying-premium-20210511-p57qpf