Previous close | 5.73 |
Open | 5.63 |
Bid | 5.59 x 1810100 |
Ask | 5.60 x 646000 |
Day's range | 5.57 - 5.66 |
52-week range | 3.87 - 6.34 |
Volume | |
Avg. volume | 2,362,447 |
Market cap | 6.166B |
Beta (5Y monthly) | 1.33 |
PE ratio (TTM) | 29.42 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 17 Apr 2024 |
1y target est | N/A |
(Reuters) -Australia's Boral on Tuesday recommended investors reject its largest shareholder Seven Group Holdings' A$1.9 billion ($1.25 billion) offer for the company claiming it undervalues the building products group. Seven Group, controlled by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral and had launched a bid last month to acquire full control of Boral. The proposal of a minimum of A$6.05 per Boral share consists of 0.1116 Seven Group shares and A$1.50 cash.
Key Insights Boral's significant public companies ownership suggests that the key decisions are influenced by...
(Reuters) -Australian diversified investor Seven Group Holdings has offered A$1.9 billion ($1.24 billion) to take full control of building products group maker Boral in a bet Australia's infrastructure spending boom will be maintained in coming years. Seven Group, headed by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral, and the bid launched on Monday is designed to mop up the rest of the company. The bid of a minimum of A$6.05 per Boral share consists of 0.1116 Seven Group shares and A$1.50 cash.