Rural services company PGG-Wrightson is making a multimillion-dollar ownership claim on strong-wool marketing company Wool Partners International, while also considering a $227 million takeover bid...
A revived entity to represent strong-wool farmers across the country has been announced by listed rural services company PGG-Wrightson, following an unsuccessful bid to set up a competing co-operative.
PGG Wrightson will support wool growers in putting together another capital-raising bid to form a new marketing co-operative, George Gould said in an interview with the ODT at the Upper Clutha A and P Show on Friday.
Shareholders look likely to miss out on a financial windfall now there is little chance of a bidding war for rural servicing company PGG Wrightson.
Independent PGG Wrightson directors have recommended shareholders accept a partial takeover of the listed rural servicing company by cornerstone shareholder Agria (Singapore), but said they should wait until nearer to April's offer deadline before deciding.
PGG Wrightson's half-year accounts have taken a hit from a slow start to the financial year and the effect of several one-off items.
A surprise takeover bid yesterday for rural servicing company PGG Wrightson has breathed life into the poor-performing stock and should reward long-suffering shareholders.
The partners in a new plate-to-pasture red-meat programme say it is open to all animal breeds, even though they have financial links to Rissington and Kelso sheep and cattle genetics.
A focus on cash flow and debt reduction may have transformed PGG Wrightson's accounts for the financial year, but continued global economic uncertainty has prompted management to take a conservative outlook.
Listed rural services company PGG Wrightson is expected to show signs it has emerged from a difficult couple of years when it announces its annual result today.
Listed rural servicing company PGG Wrightson has identified its new AgriTech arm as its primary source of new revenue and growth.
PGG Wrightson Ltd said it will in future have two business divisions of agri-services and agri-tech, resulting in a reshuffling of its senior management.
