April 20 (Reuters) - Australian Rural Capital Ltd ARC.AX :
* Agreed joint takeover offer for S.Kidman And Company Ltd.
* ARC would acquire 20% of the ordinary shares in Kidman and Dakang Australia would acquire 80% of the ordinary shares in kidman
* ARC and Dakang Australia will make off market offer to jointly acquire Kidman for about $370 million
* Says the existing management of kidman will be retained
* Source text for Eikon