News: BLD Australia's Seven Group makes takeover bid for Boral

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    May 10 (Reuters) - Australia's Seven Group Holdings (SVW) made an off-market takeover offer for Boral (BLD) on Monday that values the building materials supplier at A$7.91 billion ($6.23 billion).

    Seven Group, which holds about a 23% stake in Boral through its unit Network Investment Holdings, will make an offer priced at A$6.50 per share for the remaining shares in Boral, it said.

    ($1 = 1.2700 Australian dollars)

 
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