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Inside Seven s classic corporate raid on Boral

Inside Seven’s classic corporate raid on Boral The appointment of Ryan Stokes as chairman of Boral brings to an end a corporate raid that was like a glorious throwback to the 1980s, and delivered Seven Group a memorable coup. Jul 30, 2021 – 3.45pm Save Share Seven Group Holdings CEO Ryan Stokes and executive chairman Kerry Stokes have pulled off a coup.  David Rowe There’s the under-pressure board, digging its heels in against what it sees as a low-ball bid. There’s a rarely seen takeover strategy, juiced up with the especially clever tactics from two veteran bankers. And there’s a cadre of long-suffering institutional investors, jeering and cheering as they try to get the biggest payday possible.

Seven Group s Ryan Stokes to chair Boral in board shake-up after successful take over

Save Share Seven Group chief executive Ryan Stokes, who became the new chairman of Boral on Friday after his company raced to almost 70 per cent of the building products group, is eyeing the substantial pipeline of infrastructure and construction projects in the eastern states as a major driver of returns. Mr Stokes is backing Boral chief executive Zlatko Todorcevski to further overhaul the company and lift its profit margins higher on a consistent basis towards those of its better-performing US and European peers. “With a disciplined approach to operational management and capital management, the company can deliver industry-leading margins and returns on invested capital over the medium to long term,” Mr Stokes said on Friday.

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