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Seven Group pounces with $8 billion bid for Boral – Sydney Morning Herald

Kerry Stokes’ holding company has made an opportunistic play for the largest supplier of building products in the country.

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Billionaire Kerry Stokes’ industrial conglomerate Seven Group Holdings has launched an ambitious takeover offer for Boral, that values Australias largest listed supplier of building products at $8 billion.
Seven Group made the offer for the shares in Boral it does not already own on Monday evening after market close. Seven already holds a 23.2 per cent stake in the group.
Seven Group chief executive, Ryan Stokes will reduce his duties on Borals board while the offer is open. Credit:Janie Barrett

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