Brief: Elders Announces Acquisition Of Delta Agribusiness And Equity Raising

Elders

17/11/2024 22:41

Nov 18 (Reuters) - Elders Ltd  ELD.AX :
    * ACQUISITION OF DELTA AGRIBUSINESS AND EQUITY RAISING
    * DEAL FOR AN ENTERPRISE VALUE OF A$475 MILLION
    * ACQUISITION WITH POTENTIAL TO GENERATE NET EBITDA
SYNERGIES OF
A$12 MILLION PER ANNUM
    * EQUITY RAISING TO RAISE A$246 MILLION AT ISSUE PRICE OF
A$7.85
PER NEW SHARE
    * DEAL EXPECTED TO DELIVER PRO FORMA FY24 MID SINGLE DIGIT
EPS
ACCRETION PRE SYNERGIES & MID TEENS EPS ACCRETION POST SYNERGIES
    * EQUITY RAISING INCLUDES A$110 MILLION NEW REVOLVING LOAN
FACILITY, AMONG OTHERS


Further company coverage:  ELD.AX 

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