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Boral: Ryan Stokes to chair boad for free afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
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. âWith 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,â Mr Stokes said on Friday. ....
Stokes' masterstroke gives him the combination to Boral's cash-stacked safe smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Kerry Stokes thumbs a well-worn playbook for â$8 billionâ Boral bid Weâre sorry, this service is currently unavailable. Please try again later. Dismiss May 11, 2021 â 12.22pm May 11, 2021 â 12.22pm Save Normal text size Advertisement Kerry Stokesâ â$8 billionâ bid for Boral comes out of a well-thumbed playbook that presents a daunting challenge to the incumbent board. With Stokesâ Seven Group Holdings making an off-market bid of $6.50 a share â the Boral market price ahead of the offer â the nil-premium bid is designed to ensure Seven doesnât end up spending $8 billion. Indeed, Seven has made it clear its target shareholding is a far more modest 30 per cent or so which, given that it already holds 23.18 per cent of Boral, would entail an outlay of âonlyâ about $540 million. ....
Hiram Alejandro Durán/THE CITY The transit workers who kept the city moving through some of its darkest days took a sizable hit during the pandemic, with more than 160 MTA employees dying from COVID-19. Agency data shows that 41% of the more than 70,000 MTA employees have received at least one vaccine dose about the same rate as city and state residents. But officials concede it won’t be easy to sway vaccine holdouts, even with the MTA offering workers four hours pay to get the shots. “Yeah, nah,” Richard Richards, a 46-year-old subway train operator, told THE CITY. “I don’t trust it.” ....