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

Paul McBeth
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.