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
((Reuters.Briefs@thomsonreuters.com;))
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