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Duxton Farms Limited ( (AU:DBF) ) has issued an announcement.
Duxton Farms Limited announced a proposed merger with four unlisted entities, which are associated with key stakeholders Richard Magides and Ed Peter. The merger, involving schemes of arrangement and share purchase agreements, is subject to shareholder approval and aims to strategically benefit the company despite being assessed as ‘not fair but reasonable’ by an Independent Expert. Additionally, a capital placement is proposed to support the merger, which will result in a reduction of voting power for both Magides and Peter. The merger and placement are expected to enhance Duxton Farms’ strategic position in the agricultural sector.
More about Duxton Farms Limited
Duxton Farms Limited operates in the agricultural industry, focusing on the production and management of various agricultural products. The company is involved with entities such as Duxton Bees Pty Ltd, Duxton Dried Fruits Pty Ltd, Duxton Dairies (Cobram) Pty Ltd, and Duxton Orchards Pty Ltd, indicating a diverse market focus on bees, dried fruits, dairy, and orchards.
Average Trading Volume: 53,759
Technical Sentiment Signal: Buy
Current Market Cap: A$51.32M
See more insights into DBF stock on TipRanks’ Stock Analysis page.