Boral sells U.S. products business after rejecting Seven bid

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Australia's Boral Ltd (BLD.AX) said it would sell its North American building products business to a unit of NYSE-listed Westlake Chemical Corp (WLK.N) for $2.15 billion, throwing a spanner in the works of a takeover bid by Seven Group (SVW.AX).

Boral's shares rose as much as 4% to A$7.06, their highest since October 2018, after the building and construction materials supplier revealed its deal to sell the U.S.-based business in a disclosure responding to Seven's bid.

Seven owns 23.18% of Boral, and made the offer in May after failing to raise its stake to 30% due to regulatory setbacks."Our view is that Boral should have secured more. This business has been outperforming while the Australian business is under-performing," a Seven spokesperson said in an email."Seven Group made a bid that was expected to get turned down to clear the way for them to keep buying more," said Mathan Somasundaram, CEO at Deep Data Analytics.

 

コメントありがとうございます。コメントは審査後に公開されます。

One decision changed my life! I decided to act on faith instead of fear. I'm now reaping the reward of that bold step and making more money than I could ever imagine. I highly recommend you to trade your bitcoin with _Alexander56

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Chrissy Teigen steps away from her cleaning supplies company amid scandalsIn March, Teigen launched the 'plant-powered' cleaning product brand with Emma Gred and Kris Jenner. Her face looks like someone is about to slice into it and say it was a cake the entire time. Who? Life comes at you fast.
ソース: TODAYshow - 🏆 389. / 55 続きを読む »