Rural Equities accepts Webster takeover offer for stake in Tandou

Wed, 13 May 2015

By Jonathan Underhill May 13 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, will sell its 6.4 percent stake in ASX-listed Tandou into a takeover offer from Australian agricultural and water company Webster. Webster's shares have jumped 26 percent on the ASX this year and the stock is rated a 'strong buy' based on a Reuters survey of analysts. Webster is Australia's biggest vertically integrated producers of walnuts, accounting for more than 90 percent of the nation's export crop. It has been on...

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