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Hot Topic Summer features
Hot Topic Summer features
Investment
2 mins to read

Blue Sky bid 'unreasonable' says report

Independent directors decline to make recommendation as bidders go unconditional.

Tim Hunter Fri, 01 Apr 2022

A takeover offer for Southland meat processor Blue Sky Meats is unreasonable and below the bottom of an independent valuation range, says its target company statement.

However, independent directors said they would not make a recommendation to shareholders because the bidder already had control

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Tim Hunter Fri, 01 Apr 2022
Contact the Writer: thunter@nbr.co.nz
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Blue Sky bid 'unreasonable' says report
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