Alliance Group chair’s final plea to shareholders over Dawn Meats: ‘We need the cash’

Alliance Group chair’s final plea to shareholders over Dawn Meats: ‘We need the cash’
Alliance Group chair Mark Wynne. (Image: Supplied)
Riley Kennedy
It is now a case of wait and see for the Alliance Group deal to sell a 65% stake to Ireland’s Dawn Meats.All that can be said has been said, and all the votes have been cast.Two months after the deal was announced, and 18 months since it kicked off a capital raise, a special meeting on the deal was held in Invercargill on Monday.Before the meeting, 90 million shares on issue, equating to 86% of the register, had voted.The outcome is expected to be announced on Tuesday morning.'A need at speed'The $270m transaction, if approved, wi...

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