Beef cattle producer and major landholder Australian Agricultural Co. (AAC.AU) Wednesday said it will proceed with a planned A$105 million purchase of Tipperary and Litchfield cattle stations despite opposition by major shareholder Dubai-based IFFco Poultry Co. The decision follows a report by specialist valuers BDO Kendalls that rejects criticism by Iffco Poultry of an independent expert’s report on the proposed purchase, which is subject to shareholder approval.
