Seven Group Holdings Limited (AU:SVW) has released an update.
Seven Group Holdings Limited (SGH) has received a unanimous recommendation from Boral’s Bid Response Committee for Boral shareholders to accept SGH’s takeover offer, ensuring maximum consideration for shareholders. SGH has secured a 78.79% interest in Boral and will extend their offer period until May 15, 2024, to accommodate Boral’s capital management initiatives, including a buyback and dividend. SGH also plans a $0.30 fully-franked dividend for its shareholders post-acquisition, underscoring the company’s track record of strong shareholder returns.
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