Minority shareholders join Burger Fuel legal battle

Burger Fuel has millions in excess cash it wants to pay out, some shareholders say the move shows a lack of vision. (Image: NZME)

Rebecca Stevenson

Thu, 07 Mar 2024

Burger Fuel founder Chris Mason has rallied minority shareholders to oppose a $4 million investor payout, with several of them filing a notice to appear in court in May. Court documents obtained by BusinessDesk show on March 1 the shareholders, who control more than 870,000 shares in the listed fast-food brand, asked to be heard in opposition to Burger Fuel’s proposed scheme of arrangement.They are concerned the proposal hasn’t been fairly put to shareholders with sufficient information to make an informed decision and say...

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