Farewell Boral
Farewell Boral
It's goodbye, Boral (ASX:BLD), as the company's briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder. Boral's independent directors had rejected the complex Seven Group (ASX:SVW) offer, holding out for more money and using an independent expert's report to justify their stance.
再見了,Boral(澳大利亞證券交易所股票代碼:BLD),因爲該公司短暫叛逆的獨立董事接受了最大股東七集團控股公司的重新提議。Boral的獨立董事拒絕了Seven Group(澳大利亞證券交易所股票代碼:SVW)的複雜提議,他們堅持要更多資金,並利用獨立專家的報告來證明自己的立場。
On Friday, their resistance worked, and the Stokes-controlled company came up with a few tweaks to put more money on the table. In fact, the deal was brokered in talks between Seven Group and Boral, which saw both companies give a bonus to shareholders.
週五,他們的抵制起了作用,這家由斯托克斯控制的公司想出了一些調整措施,以投入更多資金。實際上,這筆交易是在Seven Group和Boral的談判中促成的,兩家公司都向股東發放了獎金。
Boral will pay a fully franked dividend of 26¢ a share on April 26, while Seven has announced it will pay a special one-off dividend of 30¢ a share once the offer closes, providing extra incentive for Boral shareholders to accept the cash-and-scrip offer.
Boral將於4月26日支付每股26美分的全額股息,而Seven宣佈將在要約完成後支付每股30美分的特別一次性股息,這爲Boral股東接受現金和股票報價提供了額外的激勵。
As well, there are a couple of smaller changes - after agreement with the independent directors, SGH said "the Maximum Consideration in its offer of 0.1116 SGH Shares and $1.70 cash will now be paid to all Boral shareholders who accept the Offer (including those who have already done so)." And Seven said that in calculating the scrip consideration to be issued to Boral Shareholders, "SGH has agreed to round to the nearest whole number of SGH shares (either up or down), subject to customary protections against splitting shareholdings."
此外,還有一些較小的變化——在與獨立董事達成協議後,SGH表示:“其0.1116股SGH股票和1.70美元現金要約的最高對價現在將支付給所有接受該要約的Boral股東(包括已經這樣做的股東)。”Seven表示,在計算向Boral股東發行的股票對價時,“SGH已同意四捨五入到最接近的SGH股票整數(向上或向下),但須遵守防止拆分股權的慣例保護。”
Seven Group said on Friday that it now had control of 78.79% of Boral. As AFL commentators scream at the end of a game - 'It's all over, Red Rover' - and Seven Group will now wrap up the outstanding shares in Boral.
七集團週五表示,它現在控制了Boral78.79%的股份。正如美國橄欖球聯盟評論員在比賽結束時尖叫的那樣—— “一切都結束了,紅流浪者” ——Seven Group現在將收盤Boral的已發行股份。