Veritas CEO Morton to buy back Mad Butcher for $8M, less than 25% of original price

Veritas CEO Morton to buy back Mad Butcher for $8M, less than 25% of original price
Paul McBeth
By Paul McBeth Dec. 20 (BusinessDesk) - Veritas Investments has agreed to sell its Mad Butcher franchisor business to chief executive Michael Morton for $8 million, less than a quarter of what he sold it to the food and beverage investor in a reverse listing almost five years ago.  Auckland-based Veritas has entered into a conditional deal to sell the business to Yogg Ltd, which is owned by Morton and his partner Julie Leitch, for a gross consideration of $8 million, it said in a statement. That includes an amount to discharge Veritas's t...