Australian outback scions bid A$386m for Kidman
Proposal from BBHO trumps offer from billionaire Gina Rinehart and her Chinese business partner for one of the country's largest beef producers
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Sydney
A GROUP of outback scions has bid A$386 million (S$409 million) for all the shares of S Kidman & Co, trumping an offer from billionaire Gina Rinehart and her Chinese business partner for one of Australia's largest beef producers.
The group, known as BBHO - an acronym based on the family names of directors Tom Brinkworth, Sterling Buntine, Malcolm Harris and Viv Oldfield - was expected to submit its proposal to the Kidman board on Sunday, an adviser for the group said.
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