ASX Announcements
Market Sensitive
Third Supplementary Target's Statement
Supplementary Target’s Statement
- May 16, 2024
- 3 pages
April
Seven Group says talk of Cleanaway buyout ‘completely untrue’
Shares in Australia’s largest waste collection company surged 15.8 per cent, to a two-year-high, after reports that the conglomerate was contemplating a bid.
- Simon Evans
Building materials supplier Lutum goes into administration
The move by directors to try and salvage the Boral spinoff shows casualties in Australia’s precarious home-building sector have spread well beyond builders.
- Michael Bleby and Simon Evans
- Opinion
- Chanticleer
Seven’s Boral sweetener lets everyone claim victory
A new dividend and some peacemaking by Ryan Stokes has sealed Seven’s takeover of Boral.
- Updated
- James Thomson
Seven’s new Boral bid; Mercedes mortgage pain; $77m Toorak double deal
Read everything that’s happened in the news so far today.
Kerry Stokes’ Seven rains dividends to win over Boral
The independent directors of the cement group are now recommending shareholders accept the revamped $1.9 billion bid, with one-off dividends attached.
- Simon Evans
Why Paradice is backing Seven Group’s bid for Boral
Mid-cap investor Jovana Gagic says Kerry Stokes’ conglomerate has a good track record in buying controlling stakes, and reveals why she’s bullish on Orica and Pro Medicus.
- Joanne Tran
- Updated
- Mergers & acquisitions
Grant Samuel concedes it got Boral valuation wrong in win for Stokes
But the building materials group’s independent directors are still recommending shareholders reject a $1.9 billion takeover offer lobbed by Seven Group.
- Updated
- Simon Evans
March
- Opinion
- Chanticleer
Seven starts throwing haymakers to get Boral bid moving
An independent expert’s report is the tip of the iceberg in the battle for Boral. The fight is ramping up.
- Updated
- Anthony Macdonald
Bankers’ housing alert; Lew’s $3b bet; PwC’s power players
Read everything that’s happened in the news so far today.
Seven attacks Boral deal expert over ‘fundamental errors’
Seven Group, controlled by billionaire Kerry Stokes, has stepped up the pressure in its push to buy out the rest of cement and asphalt group Boral.
- Simon Evans
Why you should buy these cheap stocks before somebody else does
Fund managers including Ethical Partners and Maple-Brown Abbott are sticking with unloved stocks such as Ramsay Healthcare and Tyro Payments.
- Joanne Tran and Jonathan Shapiro
Boral independent directors say Stokes’ bid undervalues group
Boral’s minority shareholders were urged to reject Seven’s bid, based on an independent expert finding the shares are worth up to $7.13. Ryan Stokes disagrees.
- Updated
- Simon Evans
Boral slams bid; Power bills to fall; Nvidia CEO’s insights
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
The hidden danger in Boral’s board staring down Stokes
It’s one thing to head into battle with a major shareholder, it is another to survive the war. Boral’s decision to fight Seven Group is admirable, but will have consequences.
- Anthony Macdonald
- Opinion
- Chanticleer
‘Tell them they’re dreamin’: guerilla Boral campaign flares up
A colourful presentation from a boutique broker isn’t normally newsworthy – but remember who was first to call out Origin Energy’s bid.
- Anthony Macdonald
Boral target statement on its way; fundies start to sell
You would think with fund managers like Coopers already folding and arb funds coming on the register, Seven could do a quick job of mopping up the register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Gupta’s Australian steel business helps prop up global empire
InfraBuild made loans to other parts of the Sanjeev Gupta empire, even though its own profits slumped 75 per cent and it began paying a crippling 14.5 per cent rate on new debt financing.
- Updated
- Simon Evans
- Opinion
- Chanticleer
Boral bristles for round two with formidable Stokes
Ryan Stokes wants to add the cement maker to his trophy cabinet. Will he and father Kerry get what they want, again? History says they’re hard to beat.
- Anthony Macdonald
Why CEOs should care about the gender pay gap; Reporting season winners and losers
This week, James and Anthony examine the bombshell report into Australia’s gender pay gap and dish out the Chook awards for reporting season winners and losers.
February
Soaring rents and building costs threaten inflation outlook
The RBA will struggle to get inflation back to the middle of its target range as long as the costs of renting and building a new home increase at rapid rates.
- Michael Read, Simon Evans and Michael Bleby