Tegel IPO

[Sideshow Bob]

Drove by Mad Butcher this morning and special is boneless chicken breasts at $6.99 kg - remember they used to be $11.99 per kg just a year ago? Get in quick! Or maybe, wait for a few days?

So no signs of any lifting of price pressure.

In fact, specials on free range drumsticks and wings at local Pak n Save - 1 kg packs for $5!

Must be Chicken Soup weather!

[Hectorplains]

Take over offer on the table. Bounty Holdings = Inoza Foods. The largest Filipino chicken producer, trading as Bounty Chicken.

At $1.23 a share.

Good outcome at the current price.

[Balance]

Take over offer on the table.

At $1.23 a share.

Good outcome at the current price .

Fantastic outcome except for those who were conned into the IPO at $1.55 price?

Should give heart however to the overall NZX market that there is life after profit downgrades!

[winner69]

Some would say Bounty getting a real bargain

Gives hope to ogg - comvita next cab off the rank in the takeover stakes

[Beagle]

Obviously they believe they can drive excellent returns going forward by stripping out layers of overpaid and some would say incompetent management and I'd think they'd be right. One also wonders if they will have the basic smarts to realise that if you take away the chicken supply glut then they'll actually make more money by selling slightly less product at a more realistic price. Consumers to be the losers ?
Wonder what Jascinda and her dozens of left wing socialists will think of her poor beneficiaries having to pay more for the cheapest protein currently available on the N.Z. market ? OIO approval not a certainty in my opinion.

Ogg will be alright with his hoped for $15 takeover of CVT, socialists don't care about rich N.Z. customers paying more for their manuka honey with dubious benefits over and above clover honey anyway...

[Lego_Man]

Another raging success for the New Zealand capital markets.

[silverblizzard888]

So the Chicken came first, now the egg in the face. Poor shareholders, Cluck Cluck Bye Bye

[JeremyALD]

Love how Affinity are whole hearted supporting the offer. Clearly didn't think Tegel was worth the $1.55 they listed it for

[beetills]

Rather a fowl smell about this offer.

[silu]

There is no way this takeover offer is going to get through right? I'm not a holder (yet) but I cannot believe that the majority of shareholders would be so shortsighted.