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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