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How Will Lindsay Australia’s $108M SRT Buy Transform Refrigerated Logistics?
2:43am on Monday 2nd of June, 2025 AEST
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Logistics
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How Will Lindsay Australia’s $108M SRT Buy Transform Refrigerated Logistics?
2:43am on Monday 2nd of June, 2025 AEST
Key Points
Acquisition of 100% of SRT Logistics for $108.2 million cash-free, debt-free
SRT to operate as a wholly owned subsidiary with key management retained
Funding via $30.2 million in scrip and $57.2 million cash through existing debt facilities
Expected ~15% EPS accretion for Lindsay Australia in FY25 on a pro forma basis
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