Minorities force fresh look at Rural Equities takeover price
A group of shareholders has objected to the offer from Cushing family, requiring a new independent appraisal.
Rural Equities owns a portfolio of 15 farms, including six dairying operations.
The Cushing family’s takeover of farm investment company Rural Equities has taken a twist, with a group of small shareholders forcing a fresh look at the offer price.
H&G Ltd, the Cushing family’s investment vehicle, offered $6.65 a share in December for the 14% of Rural Equities it did not
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