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An announcement from Elders Limited ( (AU:ELD) ) is now available.
Elders Limited’s proposed acquisition of Delta Agribusiness has been approved by the ACCC, subject to the divestment of six Delta stores in Western Australia to address competition concerns. The ACCC’s decision ensures that competition in the local retail supply of rural merchandise remains robust, with Independent Rural Pty Ltd and E. E. Muir & Sons Pty Limited acquiring the divested stores to maintain a strong competitive presence in those areas.
The most recent analyst rating on (AU:ELD) stock is a Hold with a A$8.00 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 Australian agribusiness company that supplies rural merchandise through its 245 Elders-owned retail stores across the country and also supplies independent stores via its national wholesale business, Australian Independent Rural Retailers (AIRR). Elders provides agronomic services, livestock and wool agency, real estate, financial, and feed and processing services across Australia.
Average Trading Volume: 808,693
Technical Sentiment Signal: Buy
Current Market Cap: A$1.41B
Find detailed analytics on ELD stock on TipRanks’ Stock Analysis page.