Seven Group, an Australian operating and investment group in the media, mining and construction industries, offered to acquire the remaining stake in Boral, an Australia-based integrated construction materials company, for $980m. "Today’s announcement represents an exciting opportunity to integrate Boral into SGH’s leading Industrial Services portfolio. The transaction has a compelling rationale for SGH, and for Boral’s shareholders, who would become SGH shareholders as part of the transaction and continue to benefit from the operational improvement journey underway at Boral. The terms of the Offer reflect our disciplined approach to capital allocation, and we will retain a strong balance sheet position posttransaction," Ryan Stokes, SGH Managing Director and CEO.