Seven Group’s Audacious Boral Takeover Bid: Will Australian Building Products Industry Reshape?
Seven Group Holdings has made a A$1.9 billion offer to acquire complete control of Boral, betting on Australia's infrastructure spending boom. The proposal values Boral at A$6.67 billion and Boral's shares increased by 3.7% in response. Seven Group plans to increase the offer if certain conditions are met.