‘Complex’ accounting in big value gap for Rubicon
Rest of ArborGen acquired for $US167 million below carrying value.
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
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‘Complex’ accounting in big value gap for Rubicon
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