IS Western Australian mining magnate Twiggy Forrest positioning himself for a takeover bid for the world’s largest beef producer, the Australian Agricultural Co?
The financial market was alive with speculation this afternoon, as evidence emerged of Mr Forrest’s stake in AA Co rising dramatically yesterday, to 17.4 percent of the stock.
The overwhelming majority of that increase was driven by his purchase of Paul Holmes a Court’s Heytesbury Pty Ltd stake in AA Co, which as Beef Central reported earlier, has grown progressively over the past 18 months to 45.5 million shares (about…
