Speirs sells stake in Rosa Foods for 'modest premium' to $714,000 book value

Tue, 10 Apr 2018

By Tina Morrison April 11 (BusinessDesk) - Speirs Group, the fresh food processing business founded by the Speirs family, sold the 40 percent stake in Rosa Foods it has owned for the past decade at a "modest premium" to its $714,000 carrying value, saying there were limited ongoing synergy benefits with its other operations. Marton-based Speirs bought its stake in Rosa Foods in April 2008 for $500,000 and flagged in its last annual report that it would consider a partial or full divestment of its stake if a proposal provided a better outc...

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