RIC 0.95% $2.12 ridley corporation limited

Ann: Completion of Oceania Meat Processors Acquisition, page-5

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    It won't especially surprise if in time RIC finds another acquisition.

    Having just missed out on one as underbidder could be a Godsend, as it may be humbling, and good in the sense that it didn't see RIC have a rush of blood and overpay.

    We can be certain it won't be M&A activity in a 'sexy' subsector that excites media, but it'll be a decidedly unfashionable or basic industry player. Given the track record, it'll be accretive from early on under new RIC ownership.
 
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