JBS bid for majority control of Scott Technology goes unconditional

Thu, 07 Apr 2016

By Edwin Mitson April 7 (BusinessDesk) - Brazilian meat processor JBS's move to take majority control of Scott Technology has gone unconditional with the scheme of arrangement to be implemented next week. In a notice to the NZX, Scott said the High Court had approved the scheme of arrangement on April 6. The company adds that it "is pleased that the process will soon be concluding and is excited to welcome JBS as a shareholder and strategic partner for the company. The Overseas Investment Office signed it off last month although the comp...

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