Seven Group Holdings' Bid for Boral Limited

Seven Group Holdings Limited (ASX: $SVW) has released a replacement bidder's statement on 4 March 2024 for its off-market takeover bid for all fully paid ordinary shares in Boral Limited (ASX: $BLD). The bid offers 0.1116 SGH shares and up to A$1.70 in cash per Boral share. The offer is considered compelling, providing Boral shareholders with a premium and an opportunity to exchange Boral shares for SGH shares. The bid is best and final, and SGH does not intend to increase the offer for at least 12 months following the close of the offer. The bidder's statement provides detailed information on the offer, SGH's intentions, and the process for accepting the offer.

Executive Commentary

The bidder's statement outlines our firm commitment to the offer, providing Boral shareholders with an attractive opportunity to exchange their shares for SGH shares. We believe the offer is compelling and represents a premium for Boral shareholders. Our intention is to provide a best and final offer, and we do not plan to increase the offer for at least 12 months following the close of the offer. The detailed information in the bidder's statement aims to facilitate a transparent and informed process for accepting the offer.

Summary and Outlook

Seven Group Holdings Limited (SGH) has released a replacement bidder's statement for its off-market takeover bid for Boral Limited, offering 0.1116 SGH shares and up to A$1.70 in cash per Boral share. The bid is considered compelling, providing Boral shareholders with a premium and an opportunity to exchange Boral shares for SGH shares. SGH's strategic investments, financial performance, and market outlook indicate a strong position for the company. The bidder's statement provides detailed information on the offer, SGH's intentions, and the process for accepting the offer, offering insights into SGH's operations and future prospects.