Tasty premium offered for Blue Sky Meats

Blue Sky is known for its grass-fed lamb. (Image: Deposit Photos)

Tue, 08 Mar 2022

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...

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