Binxi stays put as Blue Sky takeover goes unconditional

Grass-fed lamb is on the menu in the Blue Sky takeover. (Image: Deposit Photos)

Tue, 05 Apr 2022

Blue Sky Meat’s largest shareholder won’t sell to an undervalued offer from Southern Lamb Investments, which has all but sewn up control of the Invercargill meat company.Southern Lamb Investments – which was set up to take over the meat company and is associated with Blue Sky Meats chairman Scott O’Donnell and director Andrew Lowe – offered $3 per share to take control of the company in early March, more than twice the $1.30 price the shares last traded at on the Unlisted Exchange, but below an independent valuatio...

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