Mad Butcher sale fair to Veritas shareholders, avoids 'more dire' consquences, adviser says

Wed, 28 Feb 2018

By Paul McBeth Feb. 28 (BusinessDesk) - Veritas Investment's proposed sale of the Mad Butcher franchisor to chief executive Michael Morton for $8 million is fair to non-associated shareholders, avoiding "more dire" consequences if it doesn't go ahead, says the independent adviser on the transaction. The company's shareholders will vote on the transaction at a special meeting in Auckland on March 16, and the food and beverage investor's independent directors unanimously recommended the deal, the notice of meeting said. Independent adviser...

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