Elders Limited (AU:ELD) has released an update.
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Elders Limited has announced a fully underwritten entitlement offer to raise approximately A$246 million, aimed at funding the acquisition of Delta Agribusiness and enhancing its balance sheet for future growth. Shareholders will be offered 1 new share for every 5.05 existing shares at A$7.85 each, though not all shareholders are eligible to participate. The offer includes both institutional and retail components, aligning with Elders’ strategic growth plans.
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