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Industry News & Trends / Business & Markets / Mergers & Acquisitions / Poultry Processing & Slaughter / Oceania
on June 14, 2018

Tegel’s directors recommend takeover

New Zealand-based poultry company having recent challenges with decreased profits and protests over a new poultry farm

Substantial one-off costs, an unsolicited takeover offer, and protests over a new poultry farm are troubling New Zealand’s top poultry meat producer, Tegel Group.

Acknowledging that it had been a “demanding year for the business,” Tegel Group CEO Phil Hand said that the firm’s underlying performance has been strong, and…

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