Business Bakery to accept Trilogy offer after adviser's report gives tick to Citic bid

Fri, 16 Feb 2018

By Paul McBeth Feb. 16 (BusinessDesk) - The Business Bakery will accept a $2.90 a share offer for its 31 percent stake in Trilogy International from China's Citic Capital Partners after the independent adviser's report found the bid was within fair value. Trilogy chair Grant Baker, who's also a Business Bakery director, said the $211 million takeover bid fell within independent adviser Grant Samuel's valuation range of between $2.59 and $2.94 per share. The skincare products maker's directors plan to unanimously recommend the offer and v...

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