Elders's Delta Buy Appeals But Price Looks Full -- Market Talk

Dow Jones

Nov 19, 2024

2225 GMT - Elders is paying a full price to acquire Delta Agribusiness, says Wilsons, but there's lots to like about the deal. Elders has agreed to buy Delta for A$475 million, and will part-fund the transaction via a A$246 million entitlement offer. "We like the alignment in core product offering (ie. Retail Products), broadly complementary geographic footprints (ie. gives Elders more exposure to New South Wales and Western Australia) and opportunity for margin expansion through own brand penetration," analyst James Ferrier says. Still, there is a risk that Australia's competition regulator will get involved. Also, the purchase price looks full when compared to Nutrien's acquisition of Ruralco in 2019, Wilsons says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 18, 2024 17:25 ET (22:25 GMT)

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Elders has agreed to buy Delta for A$475 million, and will part-fund the transaction via a A$246 million entitlement offer. \"We like the alignment in core product offering (ie. Retail Products), broadly complementary geographic footprints (ie. gives Elders more exposure to New South Wales and Western Australia) and opportunity for margin expansion through own brand penetration,\" analyst James Ferrier says. Still, there is a risk that Australia's competition regulator will get involved. Also, the purchase price looks full when compared to Nutrien's acquisition of Ruralco in 2019, Wilsons says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 17:25 ET (22:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elders's Delta Buy Appeals But Price Looks Full -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElders's Delta Buy Appeals But Price Looks Full -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-19 06:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2225 GMT - Elders is paying a full price to acquire Delta Agribusiness, says Wilsons, but there's lots to like about the deal. Elders has agreed to buy Delta for A$475 million, and will part-fund the transaction via a A$246 million entitlement offer. \"We like the alignment in core product offering (ie. Retail Products), broadly complementary geographic footprints (ie. gives Elders more exposure to New South Wales and Western Australia) and opportunity for margin expansion through own brand penetration,\" analyst James Ferrier says. Still, there is a risk that Australia's competition regulator will get involved. Also, the purchase price looks full when compared to Nutrien's acquisition of Ruralco in 2019, Wilsons says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 17:25 ET (22:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7505","symbol_name":"食品股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484987090","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484987090","pubTimestamp":1731968700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2225 GMT - Elders is paying a full price to acquire Delta Agribusiness, says Wilsons, but there's lots to like about the deal. Elders has agreed to buy Delta for A$475 million, and will part-fund the transaction via a A$246 million entitlement offer. \"We like the alignment in core product offering , broadly complementary geographic footprints  and opportunity for margin expansion through own brand penetration,\" analyst James Ferrier says. Still, there is a risk that Australia's competition regulator will get involved. Also, the purchase price looks full when compared to Nutrien's acquisition of Ruralco in 2019, Wilsons says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7505":"食品股","ELD.AU":"ELDERS LTD","BK7117":"农产品"},"translate_title":"Elders's Delta Buy很有吸引力，但价格看起来已满——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ELD.AU":0.9},"content_text":"2225 GMT - Elders is paying a full price to acquire Delta Agribusiness, says Wilsons, but there's lots to like about the deal. 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(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2024 17:25 ET (22:25 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}