Bounty Holdings New Zealand gives notice pursuant to rule 36 of the Takeovers Code that it acquired in aggregate over one and half million fully paid ordinary shares in Tegel Group Holdings
(ASX:TGH) at a weighted average price of $1.19 per ordinary share.
New Zealand poultry producer Tegel received a takeover document from Bounty Holdings following a takeover notice last month.
Bounty Holdings is the second largest poultry company in the Philippines.
Shares in Tegel closed up yesteday .46 per cent $1.09.
