Boral Ltd

BLD: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$6.10	Vkzp	Rsjngvgt

Boral: Improved Bid Garners Independent Director Approval

Mark Taylor

Apr 15, 2024

We increase our Boral fair value estimate by 9% to AUD 5.10 per share. Boral now unanimously recommends that shareholders accept Seven Group’s off-market takeover offer following an increase to the cash component. We consequently think it is highly likely that Seven’s bid will succeed—we are still recommending that Boral shareholders either accept or sell on-market.

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