Don Manifold, a director of Ernst and Young who is managing the sale, said on Monday he expects between six and 12 bidders will lodge their offers for Australia's largest private landowner by the Tuesday deadline.
The company, S. Kidman & Co. Ltd., owns 10 cattle ranches, a bull breeding stud and a feed lot covering 101,411 square kilometers (39,155 square miles) in four states. That's an area bigger than South Korea and almost as big as the U.S. state of Virginia.
Media speculation about the price has ranged from 300 million Australian dollars ($219 million) to AU$650 million.
At least three Chinese bidders are reportedly interested in buying the Adelaide-based company which was founded by beef baron Sir Sidney Kidman in 1899. Foreign bids would be scrutinized by Australia's Foreign Investment Review Board to ensure that such a sale would be in Australia's national interest.
And they say things in Texas are big.