(Reuters) - South Africa poultry producer Rainbow Chicken said on Tuesday shareholders had rejected investment firm Remgro's initial bid to buy out shares it does not already own.
Rainbow said shareholders would now consider an alternative offer from Remgro, which initially offered 16 rand in cash or 9 shares for every 100 Rainbow shares held by investors to acquire the remaining 38 percent of the group.
Read more at Reuters Africa
Rainbow said shareholders would now consider an alternative offer from Remgro, which initially offered 16 rand in cash or 9 shares for every 100 Rainbow shares held by investors to acquire the remaining 38 percent of the group.
Read more at Reuters Africa
No comments:
Post a Comment