Forbarr gives MHM takeover offer the thumbs up

The NZX-listed food processing and packaging company is attracting international interest. (Image: MHM)

Mon, 06 Nov 2023

Wealth management firm Forsyth Barr says it’s supportive of the announcement from automation company MHM Automation last week that US-based Bettcher Industries wants to buy MHM through a scheme implementation agreement.Forbarr analysts James Lindsay and Will Twiss said in a note on Monday that they viewed the scheme implementation agreement (SIA) “as an opportunity for shareholders to capitalise on recent solid execution”.MHM Automation told the market last week that it had received a takeover offer from Bettcher Industries wh...

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