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WA this week – 10 years ago - Elders, Futuris announce merger

ELDERS Australia Ltd and Futuris Corp Ltd merged this week 10 years ago, creating a market capitalisation of about $1 billion for Elders and increasing its financial capacity to extend within local and regional sectors. Futuris general manager finance Tony Davies believed the pastoral company’s key building products and automotive parts divisions made it a good fit cyclical fit. Mr Davies said the new company would have 450 million shares on issue and current Elders shareholders would have about 27 per cent total stake. Futuris managing director Alan Newman will be chief executive of the new company, called Elders, and current Elders Australia chief executive Ric Mollison will be in charge of the pastoral division.

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Elders (ELD)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
195thElders63%74%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-Elders$1,599.8m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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