MARIETTA, Ga., April 20, 2022 BlueLinx Holdings Inc. , a leading U.S. wholesale distributor of building products, will host an in-person investor day event at the New York Stock Exchange. | April 20, 2022
By Colin Kruger
Boral’s board has stuck to its guns.
The building products group told shareholders Friday morning that they should still reject the $8.5 billion offer from Kerry Stokes’ Seven Group despite the conglomerate clinching majority control this week.
However, the latest missive from Boral admitted there are now “additional considerations” for its shareholders with the change in control.
Boral CEO Zlatko Todorcevski says investors should reject Seven Group’s overtures.
Credit:Dominic Lorrimer
“In light of Seven group’s majority ownership, the Boral Independent Board Committee advises that Boral Shareholders should have regard to their own personal circumstances and seek professional advice when deciding whether to accept Seven’s Offer or maintain their holding in Boral,” it said.