Seven Group Holdings (ASX:SVW) is a diversified operating and investment group listed on the Australian Stock Exchange. The operating business encompasses WesTrac, a global top five Caterpillar dealership. It also is a minority holder in Seven West media and major shareholder National Hire.
Seven Group Holdings Ltd has today finalised its takeover of equipment hire company National Hire.
Major shareholder Elph, which was a holder of 21.9% of National Hire stock, accepted Seven’s increased offer of $3.75 per share.
SVW can now compulsorily acquire the remainder of National Hire shares.