Billionaire Kerry Stokes’ industrial conglomerate Seven Group Holdings has launched an ambitious takeover offer for Boral, that values Australias largest listed supplier of building products at $8 billion.
Seven Group made the offer for the shares in Boral it does not already own on Monday evening after market close. Seven already holds a 23.2 per cent stake in the group.
Seven Group chief executive, Ryan Stokes will reduce his duties on Borals board while the offer is open. Credit:Janie Barrett
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