The Kerry Stokes-controlled Seven Group has accused Boral of rushing a United States sale process as ill-will escalates between Boral’s largest shareholder and the building products company that rejected a lowball takeover offer from Seven.
Boral on Monday announced the sale of its US building products business to Westlake Chemical for $US2.15 billion ($2.9 billion) in a major step forward for chief executive Zlatko Todorcevski’s overhaul of the company.
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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
