Reuters logo
CORRECTED-Australia's Select Harvests receives $334.4 mln takeover offer from UAE sovereign wealth fund
October 9, 2017 / 4:47 AM / 2 months ago

CORRECTED-Australia's Select Harvests receives $334.4 mln takeover offer from UAE sovereign wealth fund

(Corrects deal value in headline to $334.4 million, not $358 million)

Oct 9 (Reuters) - Australian almond producer Select Harvests Ltd said on Monday it received a takeover proposal from United Arab Emirates sovereign wealth fund Mubadala Investment Company PJSC for A$5.85 ($4.54) per share, a 39 percent premium to its previous close on Wednesday.

Shares of the company jumped as much as 27 percent to A$5.33 after the announcement.

The deal wouldn’t have an impact on Select Harvest’s business, including no return on capital or dividends, the company said in a statement.

$1 = 1.2877 Australian dollars Reporting By Rushil Dutta in Bengaluru; Editing by Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below