Affinity-backed Tegel gets $310m buyout offer
Tegel Group, a poultry producer in which Affinity Equity Partners is the largest shareholder, has received a privatization offer from Philippines-based Bounty Fresh Foods that values the business at approximately NZ$438 million ($310 million).
The offer of NZ$1.23 per share represents a 50% premium to the April 24 closing price of NZ$0.82. Tegel would also be permitted to pay a dividend of NZ$0.041 per share prior to the offer closing, according...
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