disallowed/business/companies/canadian-firm-lobs-854m-takeover-offer-for-australian-agricultural-company-20191003-p52x96.html
It looks like the agribusiness sector is also heating up. A Canadian pension fund launched a bid for PSP Investments ($854m), a nut and livestock producer. Last month Ruralco accepted another Canadian offer ($469m). Elders also took over Australian Independent Rural Retailers.
All in all i think it is only Sydney/Melbourne bankers - shorters - who undervalue agribusiness. A MC ~2.5b with almost ~$1.2b made up in cash (obviously through the sale of the South American arm), yeah, that valuation is way off.
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