You now have cleaner arb with a gross spread of ~2.3%. Be short Seven, long Boral. Don't tender until after the 18 April record date. Participate in the on-maket buyback, where possible.
What is covered in the Full Insight:
Boral's Acceptance of Enhanced Offer
Conclusions & Terms of Offer
Details of Dividends and Buyback
Information on Boral Ltd
Background and Timeline of Seven's Offers
SUMMARY
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