Costa delays dividend call with takeover offer up in the air
Costa Group will keep shareholders in the dark about a potential dividend payment and the outcome of takeover discussions with private equity firm Paine Schwartz Partners for at least another fortnight.
The company, Australia’s biggest horticultural group, posted delayed half-year results on Thursday and said a late start to the citrus season meant most earnings would fall into the second half of the year and forecast the crop would suffer a $30 million hit from weather-related problems.
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