Seven Group Holdings Limited (ASX: $SVW) has extended the offer period for its off-market takeover bid for Boral Limited. The offer, made through its wholly owned subsidiary Network Investment Holdings Pty Ltd, is now scheduled to close at 7.00pm (Sydney time) on Friday, 31 May 2024.
The off-market takeover bid for Boral Limited by Seven Group Holdings Limited's subsidiary, Network Investment Holdings Pty Ltd, has been extended to allow more time for Boral shareholders to consider the offer. The extension of the offer period until 31 May 2024 provides shareholders with an opportunity to thoroughly evaluate the bid and make informed decisions regarding their shares.
Seven Group Holdings Limited (ASX: $SVW) has announced the extension of the offer period for its off-market takeover bid for Boral Limited until 31 May 2024. The extension aims to provide Boral shareholders with additional time to consider the offer, reflecting Seven Group's commitment to facilitating a comprehensive evaluation process. This move underscores Seven Group's strategic interest in the acquisition and its dedication to engaging with Boral shareholders in a transparent and considered manner.