May 11 (Reuters) - Boral Ltd BLD.AX :
* BORAL RECOMMENDS SHAREHOLDERS REJECT THE $6.50 SGH OFFER
* BELIEVES SEVEN GROUP OFFER "UNDERVALUES THE COMPANY"
* CO HAS FORMED A COMMITTEE OF ITS DIRECTORS, EXCLUDING RYAN STOKES, TO CONSIDER OFFER
* MANAGEMENT REMAIN COMMITTED TO CO'S STRATEGIC GOALS