Tegel to de-list later this month

Sun, 07 Oct 2018

By Paul McBeth Oct. 8 (BusinessDesk) - Tegel Group Holdings will officially leave the NZX and ASX later this month once Bounty Fresh Foods finishes mopping up minority shareholders. Trading of the shares will be suspended at the close of trading today to let the Philippines poultry company acquire the remaining shares. The stock will then be de-listed on Oct. 23. Bounty crossed the 90 percent threshold needed for a compulsory takeover of Tegel in August, offering $1.23 a share, valuing the Kiwi poultry group at $437.8 million. The Ph...

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