Financially troubled and scandal-ridden Seven West may be grabbing the headlines,but the Stokes family fortune is soaring to fresh heights at the $16 billion Seven Group Holdings.
Multiple defamation threats,a legal costs loss and a humiliating blunder. There’s plenty for the Seven West Media board to discuss when it meets today.
Boral’s independent directors have caved in to Seven Group’s hardball takeover bid.
Boral has rejected the takeover offer by Kerry Stokes’ Seven Group,claiming the $6.9 billion deal undervalued the company.
The billionaire and his family want to buy the remaining share of the building materials company not already owned by Seven Group.
Kerry Stokes’ industrial juggernaut Seven Group has the balance sheet to pursue more acquisitions,with gas still its preferred play in the energy sector.
Ryan Stokes says Australia has so far been able to weather the barrage of rate rises over the past 15 months,but another hike could push it over the edge.
Seven Group boss Ryan Stokes says the Reserve Bank’s single-minded pursuit of bringing down inflation could end up hurting the broader economy.
There was a silent auction,big-name media companies,and lots of phone-jockeying with bidders,which culminated in a late-night mega deal – negotiating mastery worthy of its own Netflix series.
Former Cleanaway CEO Vik Bansal left the company under a cloud of bullying allegations.
For most public companies,Vik Bansal would seem cultural kryptonite – but not for the Stokes-controlled Boral. Bansal would be on the “if only” wish list for most boards.