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Elders Limited ( (AU:ELD) ) just unveiled an announcement.
Elders Limited has acquired Delta Agribusiness, issuing 22,300,558 new shares and providing $292 million in cash to Delta’s shareholders. This acquisition is expected to enhance Elders’ market presence by expanding its exposure to key local retail markets and integrating Delta’s leading agronomy and farm advisory team, thereby creating additional value for Elders’ shareholders.
The most recent analyst rating on (AU:ELD) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Elders Limited stock, see the AU:ELD Stock Forecast page.
More about Elders Limited
Elders Limited is a company operating in the agribusiness sector, primarily focusing on providing products and services to rural and regional Australia. The company is known for its expertise in agronomy and farm advisory, and it aims to enhance its market presence through strategic acquisitions.
YTD Price Performance: 1.99%
Average Trading Volume: 801,727
Technical Sentiment Signal: Sell
Current Market Cap: A$1.36B
See more insights into ELD stock on TipRanks’ Stock Analysis page.