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News: BLD Seven Group Update On Boral Takeover Offer

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    15/07/21
    11:40
    Post #: 54520781

    July 15 (Reuters) - Seven Group:

    • UPDATE ON BORAL TAKEOVER OFFER,BLD-SVW.AX
    • HAS NOW RECEIVED ACCEPTANCES UNDER OFFER SUCH THAT ITS AGGREGATE INTEREST IN BORAL SHARES IS UP TO 52.65%.
    • CONSIDERS IT LIKELY THAT ITS VOTING POWER WILL EXCEED 50% BEFORE THE SCHEDULED CLOSE OF THE OFFER
    • CONFIRMS IT WILL SUPPORT PROPOSAL THAT RETAINS MAJORITY OF INDEPENDENT DIRECTORS ON BORAL BOARD
    • LOOKS FORWARD TO RE-ENGAGING WITH BORAL BOARD TO COLLECTIVELY DRIVE BORAL’S RENEWED STRATEGY AND MAXIMISE VALUE FOR ALL SHAREHOLDERS
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