Buying back part of the farm
PA Adelaide. The board of the UK pastoral and construction group Wood Hall Trust, Ltd, has agreed to merge with the Australian food and pastoral group Elders IXL,'Ltd, after Wednesday’s zdawn raid on Wood Hall by Elders’ London brokers. Wood Hall directors will recommend that shareholders accept Elders offer of 215 pence cash (3.66 Aust dollars) for each ordinary Wood Hall share and 90 pence for each preference share. Elders' directors said that the take-over bid valued. Wood Hall at 1152.7 m (about
SA9OM). Wood Hall has wool-brok-ing /merchant bank, and engineering activities in tAustralia general merchant and manufacturing operations in Africa and the Far East and pastoral, property and construction divisions in Britain. “In recent years, mergers within the woolbroking industry in Australia, mainly caused by economic pressures and the need for increased efficiency in providing grower services, had resulted in the ownership and control of four Australian woolbroking businesses passing into the hands of UKbased interests." .
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Press, 13 February 1982, Page 20
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164Buying back part of the farm Press, 13 February 1982, Page 20
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