Veritas cuts 2018 guidance following Mad Butcher sale

Mon, 19 Mar 2018

By Sophie Boot March 19 (BusinessDesk) - Veritas Investments has cut its 2018 guidance after shareholders voted to sell the business and assets of the Mad Butcher franchisor to its chief executive Michael Morton. On Friday, 98.4 percent of the shareholders, who were entitled to vote and voting on the question, voting in favour of selling the business to Morton, who is chief executive of the Mad Butcher business, director of Veritas and MBL, and trustee and beneficiary of the largest shareholder in Veritas. Veritas's previous guidance,...

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