Seven Group Holdings has offered US$1.24bn to acquire all outstanding shares of Boral. The conglomerate already holds 72% of shares in the building materials producer. Reuters has reported that this would correspond to a total valuation of US$4.35bn for the company.
Boral has undertaken restructuring since 2022, with a focus on Australian building and industrial products to capitalise on increased public sector investments, while divesting several international assets.
