|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.1950 - 4.1950|
|52 Week Range||2.2500 - 5.5000|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||11.07|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 13, 2020|
|1y Target Est||N/A|
Australia's top construction materials maker Boral Ltd said on Monday it will sell its North American fly ash business for $755 million, marking its exit from the market as it looks to focus on its domestic business. Boral has been selling its U.S. businesses since last year in a retreat from its global expansion strategy that led to a hefty writedown in 2020. The sale, to Eco Material Technologies, which is backed by private equity firms One Equity Partners and Quadrant Management, means Boral will have sold its U.S. businesses for more than A$4 billion ($2.80 billion), Chief Executive Zlatko Todorcevski said.
Westlake (WLK) completes the acquisition of Boral's North American building products unit. The move is set to boost the company's portfolio and add to growth parameters.
Diversified Australian investor Seven Group on Tuesday raised its buyout offer for Boral to A$7.40 per share, its latest bid in a near two-month long battle to take full control of the building materials supplier. Seven Group sweetened the offer by 10 cents and called it the "best and final" price, valuing Boral at A$8.75 billion ($6.64 billion). The new offer, however, was swiftly rejected by Boral again, saying it undervalued the company.