Kidman Deal: On or Off?

  1. 7,029 Posts.
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    According to today's The Australian, the Kidman Deal is off until at least end of 2016...possibly longer!

    "Confusion stalls China bid for S. Kidman cattle empire"

    http://www.theaustralian.com.au/bus...e/news-story/f250d4288687bb62446505b5bbde26d0

    Reason: Continued uncertainty-for both the Vendor and potential Bidders-surrounding FIRB rules and Political interpretation and clarification of national security issues surrounding foreign bids.

    And only "The Lord knows" if and when this will happen?

    What does this mean for ARC and its shareholders?

    DYOR
 
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