Rural services group Elders has rejected reports it has made a bid for rival New Zealand company PGG Wrightson.
Elders has been running the ruler over the business, which has been investigating a sale option to facilitate the exit of its biggest shareholder, China's Agria Corporation. Analysts have valued the business at about $600 million.
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Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Connect with Julie-anne on Twitter. Email Julie-anne at jsprague@afr.com
