March 19 (Reuters) - Boral Ltd BLD.AX :
* ACCC UNLIKELY TO APPROVE CALL OPTION FOR AUSTRALIA AND NZ BUSINESS UNDER USG BORAL PLASTERBOARD TRANSACTION WITH KNAUF
* WITHDRAWS FY2020 EARNINGS GUIDANCE DUE TO COVID-19
* UNDERTAKING MEASURES TO CONSERVE CASH, INCLUDING REDUCING ALL NON-ESSENTIAL CAPITAL EXPENDITURE AND DISCRETIONARY SPENDING
* BORAL LTD-IN ADDITION, AS PREVIOUSLY REPORTED, BORAL HAS A US$400M ACQUISITION LOAN FACILITY IN PLACE FOR KNAUF TRANSACTION, IF REQUIRED
* GIVEN HIGH LEVEL OF UNCERTAINTY REGARDING SPREAD & DURATION OF COVID-19, NEGATIVE IMPACT ON FY2020 EARNINGS CANNOT BE ESTIMATED AT THIS POINT
* MADE AWARE OF A CLASS ACTION PROCEEDING PROPOSED TO BE FILED BY LAW FIRM QUINN EMANUEL IN FEDERAL COURT OF AUSTRALIA
* ACCC UNLIKELY TO APPROVE CALL OPTION IN RELATION KNAUF RETURNING 50% OWNERSHIP OF AUSTRALIA & NZ BUSINESS WITHIN 5 YEARS
* CLASS ACTION PROCEEDING PROPOSED TO BE COMMENCED ON BEHALF OF GROUP MEMBERS WHO ACQUIRED BORAL SHARES & AMERICAN DEPOSITORY RECEIPTS
* CLASS ACTION PROCEEDING RELATES TO BORAL'S NORTH AMERICAN WINDOWS BUSINESS