15th September 2021 By Staff Reporter | firstname.lastname@example.org | @foodtickernz
Seeka has made an offer to acquire Kerikeri-based kiwifruit grower Orangewood Limited.
“In a conditional agreement announced 14 September 2021, Orangewood shareholders are being offered 0.6630 new Seeka shares and $1.35 in cash for every Orangewood share,” Seeka told the NZX on Tuesday.
The value of the deal was $6.55m and included Seeka assuming $1.84m of Orangewood debt.
The boards of Seeka and Orangewood have recommended the deal, with Orangewood shareholders scheduled to vote on it on 1 October 2021.
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