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UPDATE 2-Boral sells U.S. products business after rejecting Seven bid [Reuters]

Westlake Corporation (WLK) 
Last westlake corporation earnings: 2/18 06:30 am Check Earnings Report
US:NYSE Investor Relations: westlake.com/investor-relations
Company Research Source: Reuters
The logo of Boral Ltd, Australia's biggest supplier of construction materials and building products, adorns a wall in the foyer of their Sydney headquarters in Australia, November 21, 2016. REUTERS/David Gray June 21 (Reuters) - Australia's Boral Ltd (BLD.AX) said it would sell its North American building products business to a unit of NYSE-listed Westlake Chemical Corp (WLK.N) for $2.15 billion, throwing a spanner in the works of a takeover bid by Seven Group (SVW.AX) . Boral's shares rose as much as 4% to A$7.06, their highest since October 2018, after the building and construction materials supplier revealed its deal to sell the U.S.-based business in a disclosure responding to Seven's bid. Boral had already asked shareholders to reject an off-market zero premium bid by Seven Group, a conglomerate controlled by Australian media owner Kerry Stokes, saying it undervalued the company. Seven owns 23.18% of Boral, and made the offer in May after failing to raise its stake to 30% due to Show less Read more
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