Philippine poultry producer wants to buy NZ Tegel
Bounty Fresh is targeting a full takeover but the company will also accept a 50% stake. In addition, the company must obtain the approval for the takeover from the Overseas Investment Office and for the deal to go through Tegel must meet certain earnings thresholds.
Tegel announced in a statement to the New Zealand Stock Exchange that it had appointed Goldman Sachs to advise on this takeover bid.
Tegel can pay a dividend of up to 4.1c a share that would not affect the offer price, as stipulated by the terms of the notice.
The study breaks down poultry into three subcategories: broilers, turkey and eggs. The broiler in...
"While research undertaken for B+LNZ’s Informing New Zealand Beef (INZB) programme has foun...
In an opinion piece published in The Telegraph on 20 November, the Rt Hon Steve Reed claimed that...
