BLD 2.65% $5.80 boral limited.

Depends how you read it but I call BS and don't be a prick it...

  1. 2,575 Posts.
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    Depends how you read it but I call BS and don't be a prick it was a legitimate question;

    "As a result of Boral’s BRC’s unanimous recommendation that Boral shareholders should accept the
    Offer, the conditions for release of acceptances from the Acceptance Facility have been satisfied.
    Shareholders that have tendered into the Acceptance Facility to date will be entitled to receive the
    payment of a $0.26 per share fully-franked dividend to Boral shareholders.


    SGH encourages Boral shareholders to ACT NOW and ACCEPT the Offer as soon as Boral trades exdividend. The Offer period will now be extended to allow the undertaking of Boral’s two capital management initiatives and will be open to Boral Shareholders until 7.00 pm (Sydney time) on 15 May
    2024. Shareholders who accept the Offer will now be issued with SGH Shares and sent payment within
    7 Business Days. The Offer is best and final."

    I read that as those who have already accepted DO get the dividend and therefore the franking credit.
    Then they say don't accept until after BLD goes ex-div. Brilliant. So what difference does it make accepting now or after?


    Bloody convoluted offer. Pricks. Wasn't the last offer also "best and final"?

    Sell now = $6.14

    Accept offer now = $1.70 + $4.47 (0.1116 of $40.04 current SVW SP) + $0.30 (SVW div) = $6.47 ??

    Accept after 18th April = $1.44 + $4.47 + $0.26 + $0.30 + $0.11 (franking credit) = $6.58

 
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