2343 GMT - Elders's purchase of Delta Agribusiness for a A$475 million enterprise value is ultimately likely to happen, says Jefferies. That is despite the Australian Competition & Consumer Commission raising initial concerns about the deal. Analyst John Campbell thinks Elders will need to sell some assets to secure ACCC approval. Jefferies also thinks allowing Elders to get bigger through M&A could benefit Australian farmers. It would help Elders to compete more effectively with Nutrien, which has significant global fertilizer manufacturing capabilities that give it a competitive advantage, Jefferies says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 04, 2025 19:43 ET (23:43 GMT)
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