PrimeAg Australia

The wind down of PrimeAg, which was announced by the company last year and attracted our attention in an Ideas Lab (see Ideas Lab: PrimeAg sale process on 05 Oct 12), is now almost complete. The company announced its remaining assets would be split and sold to Australian Food and Fibre and Cowal Agriculture Trust for $76m or $0.29 per share. A further $0.46 per share will be distributed following the completion of a previously announced sale. In total, shareholders should expect a further $0.86-$0.89 per share to be distributed before the company winds down. Adding these asset sales...

The wind down of PrimeAg, which was announced by the company last year and attracted our attention in an Ideas Lab (see Ideas Lab: PrimeAg sale process on 05 Oct 12), is now almost complete.

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