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Ruralco set to recommend $460 million takeover bid

Feb 27, 2019 - Australian Financial Review

The big money has flown into town and it is here for Australian rural supplies company Ruralco.

Canadian giant Nutrien - the world's biggest supplier of crop fertilisers - is expected to open its cheque book for Ruralco on Wednesday with a firm takeover bid worth about $460 million.

It is understood the deal was all but agreed on Tuesday, when Ruralco went into a halt and Street Talk revealed Nutrien's bid, but representatives from the two camps needed more time to be in the same pla...