Nov 7 (Reuters) - Bega Cheese Ltd (BGA) on Wednesday said it plans to vote in favour of selling its stake in Capilano Honey Ltd (CZZ) to a China-focused consortium.
Bega Cheese, which is the second largest shareholder in Capilano, will sell its 15.6 percent stake to the Bravo BidCo Pty Ltd consortium, the company said in a statement.
Earlier this month, the consortium of Wattle Hill RHC Fund and ROC Capital Pty Ltd, namely Bravo BidCo, sweetened its offer to A$21 per share from A$20.06 for Capilano, raising its proposal to A$198.6 million ($143.69 million). ($1 = 1.3822 Australian dollars)
News: BGA Australia's Bega Cheese intends to sell stake in Capilano
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Last
$5.24 |
Change
0.055(1.06%) |
Mkt cap ! $1.599B | |||
| Open | High | Low | Value | Volume |
| $5.15 | $5.25 | $5.15 | $837.8K | 160.9K |
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| 6 | 297 | $5.23 |
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| Price($) | Vol. | No. |
|---|---|---|
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| BGA (ASX) Chart |