News: BLD Boral Says Shareholders Asked To Reject Seven Group Offer

March 19 (Reuters) - Boral Ltd (BLD) :

• BORAL'S BRC RECOMMENDS REJECTING SGH OFFER
• BRC RECOMMENDS SHAREHOLDERS REJECT SGH OFFER BY TAKING NO ACTION
• EACH BORAL DIRECTOR ON BRC INTENDS TO REJECT SGH OFFER IN RELATION TO THEIR BORAL SHARES
• INDEPENDENT EXPERT CONCLUDED SGH OFFER IS NOT FAIR AND NOT REASONABLE
• INDEPENDENT EXPERT HAS ASSESSED FAIR VALUE FOR BORAL IN RANGE OF A$6.50 -A$7.13 PER SHARE
• BORAL'S REVISED SURPLUS PROPERTY VALUE ASSESSED TO BE A$1.26 - A$1.44 PER SHARE
• SHAREHOLDERS ASKED TO REJECT SGH OFFER AS IT DOES NOT REPRESENT APPROPRIATE VALUE FOR MINORITY SHAREHOLDERS

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