Tegel takeover far from a done deal
Institutional shareholders sell into share price rally.
A selldown by several Tegel shareholders indicates uncertainty a full takeover bid by Philippines-based Bounty Fresh Foods will complete, sources say.
Bounty Fresh announced a proposed 100% takeover of chicken producer Tegel on April 26, saying it would pay cash of $1.23 a share.
Tegel’s 45%
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Tim Hunter
Wed, 02 May 2018
Wed, 02 May 2018
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Tegel takeover far from a done deal
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