tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ridley Corporation Completes Acquisition of Incitec Pivot Fertilisers

Story Highlights
Ridley Corporation Completes Acquisition of Incitec Pivot Fertilisers

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Incitec Pivot ( (AU:DNL) ) has shared an update.

Ridley Corporation Limited has completed the acquisition of Dyno Nobel’s Incitec Pivot Fertilisers business for $300 million, with an option to acquire the Geelong North Shore property for an additional $75 million. This acquisition strengthens Ridley’s market position by establishing a new growth pillar in the agricultural sector.

The most recent analyst rating on (AU:DNL) stock is a Hold with a A$3.15 price target. To see the full list of analyst forecasts on Incitec Pivot stock, see the AU:DNL Stock Forecast page.

More about Incitec Pivot

Ridley Corporation Limited is a leading diversified Australian agricultural services company, focusing on providing various agricultural products and services.

Average Trading Volume: 4,208,553

Technical Sentiment Signal: Buy

Current Market Cap: A$5.58B

For an in-depth examination of DNL stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1