Australian grazing families confirm $386 million offer for Kidman

BBHO spokesperson Sterling Buntine addresses media about the syndicate’s offer to buy S. Kidman & Co at Parliament House in Canberra. A consortium comprising four Australian grazing families represented by Tom Brinkworth, Sterling Buntine, Malcolm Harris and Viv Oldfield on Sunday announced it will submit a $386 million offer to acquire 100pc of the shares of S. Kidman and Co. The consortium has become known as ‘BBHO”, an acronym formed from the bidders’ surnames. “We have developed a compelling and superior proposal to that recently supported by the Kidman Board which will see Kidman 100% Australian owned,” consortium spokesman Sterling Buntine said. “BBHO’s financing is committed…

Source: Beef Central
Australian grazing families confirm 6 million offer for Kidman