When would it be legally permissible to de-list? If Seven got to a 90 per cent stake, with few questions asked, or if it had a 75 per cent stake and there were fewer than 150 shareholders. Boral had 51,639 shareholders as at July 7 last year, so that looks unlikely.
Source - AFR article
News: BLD UPDATE 1-Australia's Boral urges shareholders to reject Seven Group's $1.3 bln offer, page-7
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