In today’s briefing:
- Boral (BLD AU): Seven Group (SVW AU)’s Best & Final Offer
- Globe Metals & Mining Ltd – Building a Niobium Supply Chain
- Morning Views Asia: JSW Steel Ltd
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Boral (BLD AU): Seven Group (SVW AU)’s Best & Final Offer
- Seven Group Holdings (SVW AU) holds 71.59% in Boral Ltd (BLD AU) and is looking to acquire the remaining shares at A$6.05/share via a mix of SVW stock and cash.
- The offer consideration ratchets higher to A$6.15/share if SVW’s aggregate shareholding reaches 80% and to A$6.25/share if SVW’s aggregate shareholding reaches 90.6%.
- Seven Group Holdings (SVW AU) is an addition to a global index at the end of the month and a drop in the stock post inclusion will affect Boral Ltd.
Globe Metals & Mining Ltd – Building a Niobium Supply Chain
- Globe Metals & Mining Ltd (ASX:GBE) is a Perth-based, Africa-focused resources company developing the Kanyika niobium project in Malawi, east Africa.
- GBE has been undertaking exploration and resource development activities at Kanyika since identifying niobium and tantalum mineralisation at the site back in 2007, and is now poised to bring the first niobium mine into production in more than 50 years and the first ever for Africa.
- The Kanyika niobium project has a mineral resource of 68Mt at 0.283% niobium based on approximately 33km of drilling.
Morning Views Asia: JSW Steel Ltd
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.