with webster at 1.85 the discount for webster entry via tan is now 82 cents.
High Conviction: Webster Limited (ASX: WBA)
Extraordinary general meeting on May 25
Webster Limited (ASX: WBA)
Webster Limited is Australia's fourth oldest company, established in 1831, Australia’s largest walnut producer and onion exporter.
Tandou Ltd (ASX:TAN)
An Australian agribusiness with a broad portfolio of water entitlements.
Tandou Ltd (ASX:TAN) has entered into a Merger Implementation Agreement with Webster Limited (ASX: WBA), the take over and a further three massive acquisitions of rural and farming companies is valued at more than $330m — two of which still need final shareholder approval at an extraordinary general meeting on May 25 — that will more than triple Webster’s value.
It will turn Webster into one of just seven listed agribusiness companies on the ASX with a market capitalisation above $500m - large enough for potential inclusion in the ASX300 Index - and transform Webster into the biggest holder of irrigation water rights in Australia and one of its largest irrigated cropping and cotton superpowers.
TAN Price at posting:
72.7¢ Sentiment: Buy Disclosure: Held
