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…