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Saturday 21 May 2022

Southern Lamb secures nearly 75% of Blue Sky shares

13th May 2022 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Southern Lamb Investments has closed its full takeover offer of Blue Sky Meats Limited, with acceptances received for 74.87% of the meat processor’s shares.

Once all acceptances have been processed and the offer price paid to shareholders, Blue Sky shares will be held as follows:

– Southern Lamb Investments Limited: 74.87%
– NZ Binxi (Oamaru) Foods Limited: 19.84%
– 72 other shareholders: 5.29%

Southern Lamb, led by two existing Blue Sky investors, made a full takeover offer on 18 March 2022 for all of the shares in the company for $3 a share.

 

 


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