Advertisement

News and analysis on the global poultry
and animal feed industries.
Poultry Processing & Slaughter / Oceania / Industry News & Trends / Business & Markets / Mergers & Acquisitions
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…

To view the full article, please register or login.