{"id":1572,"date":"2020-04-26T05:52:17","date_gmt":"2020-04-26T02:22:17","guid":{"rendered":"http:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/"},"modified":"2020-04-26T05:52:17","modified_gmt":"2020-04-26T02:22:17","slug":"boral-updates-market-on-usg-boral-situation","status":"publish","type":"post","link":"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/","title":{"rendered":"Boral updates market on USG Boral situation"},"content":{"rendered":"<div class=\"K2FeedImage\"><img decoding=\"async\" src=\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\" alt=\"Boral updates market on USG Boral situation\" \/><\/div>\n<div class=\"K2FeedIntroText\">\n<p><strong>Australia:<\/strong> Boral has updated the market on its transaction with Knauf in relation to its USG Boral joint venture. On 19 March 2020, Boral announced that its view was that the Australian Competition and Consumer Commission (ACCC) was unlikely to approve the call option in relation to the Australian and New Zealand business. In further discussions between Boral and Knauf, it has now become clear that obtaining the necessary regulatory approvals required to allow the transaction to be implemented as signed in August 2019 is not achievable by the 30 June 2020 deadline. Other conditions to the transaction also remain outstanding.<\/p>\n<p>As a result, Boral and Knauf will consider a range of potential options, with Boral\u2019s objective being to target a cash neutral transaction rather than a transaction with a significant funding requirement for Boral. Discussions are at a preliminary stage and any revised transaction remains subject to agreement between Boral and Knauf, and ultimately will also require the approval of regulators including the ACCC and New Zealand Commerce Commission (NZCC). Given this, the company\u2019s pre-existing US$400m acquisition bridge facility, put in place for the purpose of completing the transaction with Knauf, was allowed to lapse.<\/p>\n<\/div>\n<div class=\"K2FeedImage\"><img decoding=\"async\" src=\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\" alt=\"Boral updates market on USG Boral situation\" \/><\/div>\n<div class=\"K2FeedIntroText\">\n<p><strong>Australia:<\/strong> Boral has updated the market on its transaction with Knauf in relation to its USG Boral joint venture. On 19 March 2020, Boral announced that its view was that the Australian Competition and Consumer Commission (ACCC) was unlikely to approve the call option in relation to the Australian and New Zealand business. In further discussions between Boral and Knauf, it has now become clear that obtaining the necessary regulatory approvals required to allow the transaction to be implemented as signed in August 2019 is not achievable by the 30 June 2020 deadline. Other conditions to the transaction also remain outstanding.<\/p>\n<p>As a result, Boral and Knauf will consider a range of potential options, with Boral\u2019s objective being to target a cash neutral transaction rather than a transaction with a significant funding requirement for Boral. Discussions are at a preliminary stage and any revised transaction remains subject to agreement between Boral and Knauf, and ultimately will also require the approval of regulators including the ACCC and New Zealand Commerce Commission (NZCC). Given this, the company\u2019s pre-existing US$400m acquisition bridge facility, put in place for the purpose of completing the transaction with Knauf, was allowed to lapse.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.globalgypsum.com\/news\/item\/1631-boral-updates-market-on-usg-boral-situation\" target=\"_blank\" rel=\"noopener noreferrer\">Source from..<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia: Boral has updated the market on its transaction with Knauf in relation to its USG Boral joint venture. On 19 March 2020, Boral announced that<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[511],"tags":[],"class_list":["post-1572","post","type-post","status-publish","format-standard","hentry","category-global-gypsum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boral updates market on USG Boral situation - Samim Derakhshan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boral updates market on USG Boral situation - Samim Derakhshan\" \/>\n<meta property=\"og:description\" content=\"Australia: Boral has updated the market on its transaction with Knauf in relation to its USG Boral joint venture. On 19 March 2020, Boral announced that [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\" \/>\n<meta property=\"og:site_name\" content=\"Samim Derakhshan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/samim.derakhshan.co\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-26T02:22:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\" \/>\n<meta name=\"author\" content=\"behrooznaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"behrooznaj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\"},\"author\":{\"name\":\"behrooznaj\",\"@id\":\"https:\/\/samim-derakhshan.com\/english\/#\/schema\/person\/4735f8e0d83da232065e08b6c843ffd1\"},\"headline\":\"Boral updates market on USG Boral situation\",\"datePublished\":\"2020-04-26T02:22:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\"},\"wordCount\":397,\"publisher\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/#organization\"},\"image\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\",\"articleSection\":[\"Global Gypsum\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\",\"url\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\",\"name\":\"Boral updates market on USG Boral situation - Samim Derakhshan\",\"isPartOf\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\",\"datePublished\":\"2020-04-26T02:22:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#primaryimage\",\"url\":\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\",\"contentUrl\":\"https:\/\/www.globalgypsum.com\/media\/k2\/items\/cache\/72d0cf2868d1205f0aaefb2b229e87e7_S.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/samim-derakhshan.com\/english\/boral-updates-market-on-usg-boral-situation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/samim-derakhshan.com\/english\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Boral updates market on USG Boral situation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/samim-derakhshan.com\/english\/#website\",\"url\":\"https:\/\/samim-derakhshan.com\/english\/\",\"name\":\"Samim Derakhshan\",\"description\":\"Imp. 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