Announced
Financials
Sources
Tags
building products
Australia
Domestic
Friendly
Private
Acquisition
Single Bidder
Majority
Building Materials: Other
Pending
Synopsis
Seven Group, a diversified investor, offered to acquire Boral, an international building products and construction materials group, for $8bn. Seven Group said it would be happy if the offer increased its stake to 30%. Seven Group was legally unable to buy any more Boral shares until October, without making an offer for the company in full.
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