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Elders in trading halt pending announcement of recapitalisation and refinancing
Elders Limited has requested a trading halt in its securities pending finalisation of the terms of a comprehensive recapitalisation and refinancing of the Company.
The recapitalisation and refinancing, together with asset sales of ITC's native hardwood timber processing division to Gunns and insurance operations to QBE will provide Elders with the strong and sustainable balance sheet with which it can pursue its strategy to be Australia's leading rural services company.
Read the full announcement
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