Yes, Australian Agricultural Company (AACo) has been a subject of takeover speculation, but it's not currently a certainty. Major shareholder Tavistock Group, controlled by Joe Lewis, now holds more than half of AACo shares and has not shown clear interest in a takeover. However, Tattarang, a Perth-based family office, has been increasing its stake in AACo and is now holding 19.49%.
Here's a breakdown:
Past Takeover Speculation:
AACo has been considered a potential takeover target for its large land holdings and extensive pastoral assets.
Major Shareholder Influence:
Joe Lewis's Tavistock Group's current significant ownership, prevents a takeover bid.
Tattarang's Increasing Stake:
Tattarang's growth in stake may indicate future interest in a takeover.
Asset Sales:
AACo has also been rumored to be considering selling assets, including its Victoria River properties.
AAC Price at posting:
$1.44 Sentiment: Buy Disclosure: Held
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