Wesfarmers Ltd Proposal to Acquire Kidman Resources Transcript
Ladies and gentlemen, thank you for holding, and welcome to the Wesfarmers Analyst Briefing. (Operator Instructions) This call is also being webcast live on the Wesfarmers website and can be accessed from the homepage of wesfarmers.com.au.
I'd now like to hand the call over to the Managing Director of Wesfarmers Limited, Mr. Rob Scott.
Welcome, everyone, and thank you for joining us this morning, especially at such short notice. I'm Rob Scott, Managing Director of Wesfarmers. And joining me on this call is our CFO, Anthony Gianotti; the Managing Director of our Industrials Division, David Baxby; and the CEO of Wesfarmers Chemicals, Energy & Fertilisers, Ian Hansen.
This morning, we announced that we've entered into a Process and Exclusivity Deed with Kidman Resources in relation to our proposal to acquire the company for $1.90 per share. This price represents an attractive premium and a certain cash return for Kidman shareholders as the proposal is unanimously supported by the Kidman
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