Greencross takes on Mammoth purchase

Greencross has turned to the $7 billion pet-supplies sector with a $330 million scrip deal that more than doubles the size of the entity.

Having acquired a string of vet practices and then a pet cemetery to bury its mistakes, the Brisbane-based consolidator has turned to the $7 billion pet-supplies sector with a $330m scrip deal that more than doubles the size of the entity.

Greencross (GXL, $6.30) says it's acquiring the private Mammoth Pet Holdings, which owns the Petbarn chain here and Animates in New Zealand, by issuing just over 52m of its shares to the owners.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles