Bounty acquires Tegel shares

Company News

by Rachael Jones

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. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.