Elders Limited (AU:ELD) has released an update.
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Elders Limited has demonstrated resilience despite challenging conditions in early FY24, achieving steady earnings and taking significant steps in its diversification strategy, notably with the planned acquisition of Delta Agribusiness. The company successfully raised $246 million through a rights issue to support this acquisition, while also continuing CEO succession planning and renewing its board with new directors. As the company marks its 185th anniversary, Elders looks forward to creating value for its shareholders and a promising fiscal year ahead.
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