Seven Group Holdings' Proposal to Acquire Boral Shares

Seven Group Holdings Limited (ASX: $SVW, SGH) has announced a proposal to acquire the shares in Boral Limited (Boral) that it doesn't currently own. SGH currently holds a 71.6% controlling interest in Boral. Under the Offer, SGH Bidder, a wholly owned subsidiary of SGH, would acquire all the shares it does not own in Boral for minimum consideration of 0.1116 SGH shares and $1.50 cash per Boral Share.

Executive Commentary on the Acquisition Proposal

Today's announcement represents an exciting opportunity to integrate Boral into SGH's leading Industrial Services portfolio. The transaction has a compelling rationale for SGH, and for Boral's shareholders, who would become SGH shareholders as part of the transaction and continue to benefit from the operational improvement journey underway at Boral. The terms of the Offer reflect our disciplined approach to capital allocation, and we will retain a strong balance sheet position post-transaction. The integration of Boral as a 100% owned business is a natural evolution for SGH, supporting our position as a leading ASX industrial business. The integration is expected to support and accelerate the delivery of the current Good to Great performance journey.

Summary of Seven Group Holdings' Acquisition Proposal

Seven Group Holdings Limited (ASX: $SVW, SGH) has proposed to acquire the shares in Boral Limited (Boral) that it doesn't currently own. The Offer includes a minimum consideration of 0.1116 SGH shares and $1.50 cash per Boral Share, with the potential for increased cash consideration based on certain conditions. The proposal aims to integrate Boral into SGH's leading Industrial Services portfolio, driving an acceleration of Boral's performance journey and long-term growth. SGH believes this proposal is in the interests of Boral shareholders and outlines its intentions should it not be successful in acquiring 100% of Boral. The Offer is not subject to any minimum acceptance condition and is conditional upon the customary condition of no prescribed occurrences in relation to Boral.