All-Australian farming family syndicate quits Kidman bid, Rinehart looks the goods

Andrew Marshall
Updated October 28 2016 - 1:51pm, first published 11:00am
Australian Outback Beef's latest $386.5 million offer has frightened off its all-Australian bidding group rival as the contentious 18-month-long S. Kidman and Company sale saga continues to unfold.
Australian Outback Beef's latest $386.5 million offer has frightened off its all-Australian bidding group rival as the contentious 18-month-long S. Kidman and Company sale saga continues to unfold.

The Australian farming family syndicate challenging billionaire Gina Rinehart’s bid for the Kidman pastoral empire has pulled out of the race just a week after making its move on the 10.1 million hectare beef business.

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Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).