Reuters logo
10 months ago
BRIEF-Australian Rural Capital updates on Kidman proposal
October 14, 2016 / 1:12 AM / 10 months ago

BRIEF-Australian Rural Capital updates on Kidman proposal

Oct 14 (Reuters) - Australian Rural Capital Ltd :

* Expect Namoi's 2017,2018 ginning volumes will recover to about 1 million bales per season and marketing volumes could reach 750,000 bales

* Acted upon deal seeking to acquire Kidman as asset in order to establish our fund business, which did not succeed

* Current proposal announced by Kidman earlier this week represents approximately a $10 mln increase above our offer

* "Deal we believe will be difficult to compete with" Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below