‘Complex’ accounting in big value gap for Rubicon
Rest of ArborGen acquired for $US167 million below carrying value.
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Timber industry investor Rubicon says it may take months to determine the fair value of its new subsidiary ArborGen, after buying out its joint venture partners at a significant discount.
On June 29 Rubicon said it had agreed to pay $US29 million ($39 million) for the 68.3% of US tree genetics
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Tim Hunter
Thu, 06 Jul 2017
Thu, 06 Jul 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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‘Complex’ accounting in big value gap for Rubicon
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