Hmm Interesting. From NZ Herald.
Construction and building company Fletcher Building dipped 5c, or 0.67 per cent, to $7.40. Shareholders will be watching with interest news across the Tasman of Kerry Stokes' Seven Group's takeover offer for resurgent building materials giant Boral.


Seven pitched its opening bid at A$6.50 a share for all of Boral, valuing the building materials group's equity at about $8 billion, to which the target company promptly rejected, describing it as an opportunistic bid that undervalues the company.