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The latest announcement is out from Ridley Corporation Limited ( (AU:RIC) ).
Ridley Corporation Limited has successfully completed an institutional placement and entitlement offer, raising approximately $99 million to fund the acquisition of Dyno Nobel Limited’s fertiliser distribution business for $300 million. This strategic acquisition is expected to enhance Ridley’s market position by adding Australia’s top fertiliser distributor to its portfolio, with strong support from both existing and new investors.
The most recent analyst rating on (AU:RIC) stock is a Buy with a A$2.65 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.
More about Ridley Corporation Limited
Ridley Corporation Limited is a leading company in the provision of animal nutrition products and services, with a strong market presence in Australia.
Average Trading Volume: 408,282
Technical Sentiment Signal: Hold
Current Market Cap: A$735.9M
For an in-depth examination of RIC stock, go to TipRanks’ Stock Analysis page.