Elders to pay $157 million for AIRR
- By: "Farm Tender" News
- Hay & Fodder News
- Jul 15, 2019
- 738 views
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Elders announced this morning it will pay $10.85 per share, in a mix of half scrip and half cash, for 100 per cent of Australian Independent Rural Retailers (AIRR).
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The idea has already been unanimously recommended by AIRR's board, and Elders tells shareholders the purchase could deliver "low single digit earnings per share accretion on a 2018-19 pro forma basis", and over 10 per cent EPS accretion once synergies are realised.
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