Saudi company is planning to purchase Continental Farmers Group
2013-04-01 13:03:41
According to the official information released by the company in the statement on London Stock Exchange, United Farmers Holding Company (UFHC) is planning to purchase Continental Farmers Group for either 35 pennies per share in cash or 37 pennies per share with delayed payments. Company is currently evaluated at GBP 58.2 M, which is 50% higher than company’s current market value. As the news were made public, company’s price per share on London Stock Exchange jumped to 35.5 pennies.
AgroInvest comment: Company’s management advises company’s stock holders to go through with the deal due to advantageous nature of the deal.