He certainly wasn't that great in managing his weight, and his vision didn't extend to averting the consequences of it.
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Heard from someone who knew him today "He was a bit of a cowboy..."
But yea, RIP for someone relatively young to leave his family like that
PGG Wrightson Acquires Strategic Interest in Uruguay
https://nzx.com/companies/PGW/announcements/267017
On the face of it, it looks good. I think a few other companies could take a leaf out of their book by paying a price, (hopefully a low one, some more detail on whether this is eps accretive from year 1 would have been nice), with earn out provisions over the next 3 years. Looks like a well structured deal from what little detail was supplied but I am looking forward to hearing more about it in due course at the ASM. The fact that they know the business well from their strong existing business relationship should give shareholders comfort this is a positive acquisition for PGW.
Oh dear, they hardly managed to consolidate their business in NZ and already out for the next big South American adventure. I hear it is a lovely continent for a business trip. Just hope that this time it is not again just the travel bills and another huge capital loss (NZS) for the shareholders. At least it looks like they don't plan to run farms ... just sell to them.
Time to sell while the SP is still up?
Well, I see it as a positive announcement and as per Roger will look forward for more details at the next ASM.