ACCC Raises Concerns Over Elders’ Proposed Acquisition of Delta

Elders Limited ( (AU:ELD) ) has provided an announcement.

The Australian Competition and Consumer Commission (ACCC) has expressed preliminary concerns over Elders Limited’s proposed acquisition of Delta Agribusiness, fearing it may lead to reduced competition and higher prices in the rural merchandise sector. The ACCC is particularly worried about the impact on local markets in North-West Victoria, Northern Wheatbelt, Central Wheatbelt, Great Southern, and Murray-Mallee regions, as well as the potential reduction in competition at the wholesale level in Western Australia. The investigation will assess the competitive dynamics between Elders and Delta and the ability of other retailers to compete effectively if the acquisition proceeds.

The most recent analyst rating on (AU:ELD) stock is a Buy with a A$9.31 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 an ASX-listed agribusiness that supplies rural merchandise through its 245 retail stores across Australia and operates a national wholesale business, Australian Independent Rural Retailers (AIRR). The company also offers agronomic services, livestock and wool agency, real estate, financial, and feed and processing services. Delta Agribusiness, meanwhile, is an Australian retail supplier of rural merchandise with 64 stores primarily in regional areas of New South Wales, Victoria, South Australia, and Western Australia, and operates a wholesale business in Western Australia. Delta also provides agronomic services, livestock agency, grain marketing, real estate, and financial services.

Average Trading Volume: 885,988

Technical Sentiment Signal: Sell

Current Market Cap: A$1.2B

See more data about ELD stock on TipRanks’ Stock Analysis page.