IPL 1.76% $2.89 incitec pivot limited

ipl - wesfarmers talks

  1. 668
    196 Posts.

    Extracted from Business spectator:

    While other rumours have centred on Incitec Pivot snapping up Wesfarmers fertiliser business, a different rumour involving the same parties has been flagged in the AFR. This time its the prospect of the Western Australian conglomerate rekindling its acquisition appetite by making a scrip bid for the fertiliser and industrial explosives group (with which it operates an east coast joint venture), given its share price has tracked along nicely lately and move would reduce the relative weight of its retail operations.

    Extracted from Dow Jones News:
    Thu Apr 08 18:21:39 2010

    SYDNEY (Dow Jones)--Incitec Pivot Ltd.'s (IPL.AU) recent move to begin a pre-feasibility study for an ammonium nitrate plant on Western Australia's Burrup Peninsula may be intended to persuade Wesfarmers Ltd. (WES.AU) to sell
    its CSBP fertilizer business, says the Street Talk column in Friday's Australian Financial Review.

    The column says it is believed the two have been in talks but can't agree a price for CSBP.
 
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