US takeover offer for MHM Automation could be a sign of things to come

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

Mon, 06 Nov 2023

MHM Automation receiving a takeover offer from an interested United States party could be a sign that international investors will take advantage of the falling Kiwi dollar and look at buying up smaller listed firms in New Zealand.The US-based Bettcher Industries wants to buy the NZX-listed food processing and packaging company MHM Automation through a scheme implementation agreement (SIA).MHM Automation announced the news to the NZ stock exchange on Friday morning. It said through the SIA the United States-based Bettcher Industries would acqui...

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