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 emphasizes that for every euro generated directly by the meat industry, an additional &...
The Anafric delegation consisted of its president, José Friguls; vice president, ...
The sector generates $12.8 billion in export earnings annually, which flows through our economy a...
