Australia’s Seven Group Holdings (ASX:SGH) has made a A$1.9 bn (US$1.24bn) bid to acquire the remaining 24.8% shares of Boral, Australia’s leading building products group. It has proposed a minimum of 0.1116 Seven shares and $1.50 cash per Boral share, representing an aggregate value of $6.05 per Boral share, higher than the current listing at the offer date. Boral divested several international assets and has strategically reshaped its operations over the past two years to strengthen its Australian building materials segment (photo: Boral’s Berrima cement plant) and to capitalize on the government’s infrastructure spending initiatives.