On, July 1, 2021, Boral Limited announced that, its independent board committee of takeover target, the Company has again unanimously recommended that shareholders reject an improved takeover offer of $7.30 per share from Seven Group Holdings as well as a second conditional increase from the Kerry Stokes-backed group. Further, Seven Group stated that, it had received the necessary acceptances to take its stake in the construction firm to 29.5 per.