Bega Cheese to vote in Capilano scheme of arrangement

Company News

by Rachael Jones

Bega Cheese (ASX:BGA) intends to vote in favour of the Capilano scheme of arrangement under which Bravo BidCo Pty Ltd will acquire 100 per cent of the shares in Capilano honey (ASX:CZZ)

Bega Cheese currently has 15.6 per cent of shareholdings and intends to receive the cash consideration under the scheme, which as announced by Capilano on 2 November 2018 has been increased to $21.00 per Capilano share.

Bravo BidCo is an entity owned by Wattle Hill RHC Fund and Roc Capital.

Shares in Bega Cheese (ASX:BGA) are down 0.58 per cent to $5.98.

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.