best and worst case outcomes for asset sales, page-20

Radio interview here with some realistic comments from all parties involved.....

Elders trying to stay positive.

Ruralco talking tough

Analyst throwing some sales options/plans out there.

Worth a listen.

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ABC Tasmanian Radio (follow the link below for the sudio)

"Ruralco wants to maintain Elders brand"

By Tony Briscoe
Tuesday, 30 October 2012

Tasmanian based company Ruralco says it will maintain the Elders brand if it carries out a successful bid for the Rural Services division of Elders.

Managing Director John Maher says Ruralco is yet to make a decision on whether to bid for Elders and was looking to merge the two companies.

The board of Elders has decided to sell off the Rural Services division in a move that will attract overseas interest.

Neither Elders or Ruralco will nominate a price for the division, but Wilson HTM analyst James Ferrier says the price should be around the $400 million mark.

James Ferrier says if there is a purchase by Ruralco then some of the 230 Elders branches around the country could close.

The sale process is expected to take several months and John Maher from Ruralco says he will be disappointed if an overseas company is the final purchaser.

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http://www.abc.net.au/rural/tas/content/2012/10/s3621727.htm?site=hobart

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bsh