Business Bakery to pay some of Citic's transaction costs in Trilogy takeover

Mon, 12 Mar 2018

By Paul McBeth March 13 (BusinessDesk) - Trilogy International cornerstone shareholder Business Bakery will foot the bill for some of Citic Capital Partners' costs arising from the Chinese investor's $211 million bid for the NZX-listed skincare products and scented candle maker. Auckland-based Business Bakery, whose principal Grant Baker chairs Trilogy, has already thrown its weight behind the Chinese offer of $2.90 a share, and today said it's agreed to pay certain transaction costs connected to Citic's proposed takeover. Trilogy shareh...

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