Tasty premium offered for Blue Sky Meats

Tasty premium offered for Blue Sky Meats
Blue Sky is known for its grass-fed lamb. (Image: Deposit Photos)
Rebecca Howard
Southern Lamb Investments is looking to snap up Blue Sky Meats for $3 a share at a hefty premium and well north of the last takeover bid for the firm in 2017. The shares, which trade on the Unlisted Exchange, last traded in January at $1.30, making the potential offer a 131% premium.Southland processor Blue Sky Meats – which identifies as Blue Sky Pastures – currently has a market capitalisation of $15 million but the price values it at $34.6 million.That's well north of the $25.4m valuation when NZ Binxi (Oamaru) Foods mou...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024