Seven Group’s Bold Bid Sparks Boral Takeover Battle

Boral Takeover: Seven Group Holdings Makes $1.24 Billion Offer for Full Control

Australian diversified investor Seven Group Holdings has made a bold move to take full control of building materials maker Boral. The offer, valuing the remaining 28% stake at A$1.9 billion ($1.24 billion), aims to increase Seven Group’s ownership from its current 71.6% stake. The offer will be made in cash and scrip, with a minimum of A$6.05 per share, valuing Boral at A$6.67 billion ($4.35 billion).