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Australia s Boral says Seven Group s offer nearly 40% below expert s valuation

Australia s Boral explores potential sale of struggling U S fly ash business

By Reuters Staff 2 Min Read (Reuters) - Australia’s Boral Ltd said on Thursday it is exploring a potential sale, or a joint venture, as part of a review of its struggling North American fly ash business. The move comes as the top Australian building materials maker is looking to exit the United States, in a retreat from its global expansion strategy that led to a hefty writedown in 2020. Boral’s $1.8 billion acquisition of rival Headwaters in 2016 made the combined entity the largest supplier of fly ash in U.S. markets. However, since then, it has led to an impairment charge and earnings downgrades amid a soft housing market and a push towards cleaner forms of energy generation.

Australia s Boral explores potential sale of struggling U S fly ash business | WTVB | 1590 AM · 95 5 FM

Coldwater, MI, USA / WTVB | 1590 AM · 95.5 FM | The Voice of Branch County Apr 14, 2021 9:34 PM (Reuters) - Australia s Boral Ltd said on Thursday it is exploring a potential sale, or a joint venture, as part of a review of its struggling North American fly ash business. The move comes as the top Australian building materials maker is looking to exit the United States, in a retreat from its global expansion strategy that led to a hefty writedown in 2020. Boral s $1.8 billion acquisition of rival Headwaters in 2016 made the combined entity the largest supplier of fly ash in U.S. markets. However, since then, it has led to an impairment charge and earnings downgrades amid a soft housing market and a push towards cleaner forms of energy generation.

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