Wattie deal
PA Wellington Wattie Industries, Ltd,, has completed negotiations to increase its holding in Advanced Foods of New Zealand, Ltd to 50 per cent, Wattie said. Advanced Foods, producer of The New Zealand Lamb Roast, becomes a 50:50 partnership with the Meat Board. The increased stake in Advanced Foods has been obtained through buying the balance of the shares
in AML Meats, Ltd (AML Meats holds the 50 per cent interest in Advanced Foods). Wattie will issue 408,235 fully paid ordinary shares for cash to cover part of the acquisition. The issued price of these shares will be 340 c each which reflects the market value at the time the conditional agreement involving AML Meats, Ltd, was entered into, Wattie said.
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Press, 22 October 1986, Page 38
Word Count
122Wattie deal Press, 22 October 1986, Page 38
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