Blackstone Group withdraws from poultry producer Inghams bidding

Private equity firm Blackstone Group has withdrawn from bidding for Australia-based poultry producer Inghams Enterprises due to the asking price being too high, according to reports. It was announced in July that Inghams would be up for sale, with information going out in September.

Private equity firm Blackstone Group has withdrawn from bidding for Australia-based poultry producer Inghams Enterprises due to the asking price being too high, according to reports.

It was announced in July that Inghams would be up for sale, with information going out in September. Initial bids were submitted in October, with second-round bids due at the end of November. That deadline was extended, according to sources. The company is valued at $1.4 billion.

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