1 Apr 2011

PGG Wrightson offer extended

6:16 pm on 1 April 2011

Agria has extended its partial takeover offer for PGG Wrightson by a week.

The Chinese company, which is PGG Wrightson's largest shareholder, is offering 60 cents a share for 51% of the rural services firm.

The offer now closes on 23 April.

Agria already has the support of PGG Wrightson's second largest shareholder, Pyne Gould Corporation, giving it 37%.