Food Ticker
The Business of Food
and Beverage
 
Food Ticker
The Business of Food and Beverage
Advertisement
Tourism Ticker
Advertisement
Tourism Ticker
  News   Analysis   Opinion
Thursday 21 October 2021

Seeka makes $6.6m offer to buy kiwifruit grower

15th September 2021 By Staff Reporter | news@foodticker.co.nz | @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.

 

 


Related Articles