Lowe to top up Blue Sky shareholders

The Takeovers Panel won't take action as long as Southern Lamb’s Lowe pays. (Image: Unsplash)

Fri, 22 Apr 2022

Southern Lamb Investments shareholder Andrew Lowe says he didn’t breach the Takeovers Code when he bought shares in Blue Sky Meats prior to a $34.6 million takeover offer but has agreed to pay the difference in price.In a statement, the Takeovers Panel said there is a “reasonable possibility” he may not have acted in accordance with the code, but the panel and Lowe agreed to settle the matter in lieu of formal enforcement proceedings. Southern Lamb offered $3 a share for the Southland meat processor on March 18, and is o...

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