
News
Hanover investors vote to accept Allied Farmers shares
Wednesday 16th of December 2009
More than the required 75% of the investors backed the plan at a meeting in Auckland. The deal ostensibly values the shares at $400 million.
The deal will transform Allied into a finance company of vastly more equity paper, with 97% held by the new investors. Allied's existing shareholders have already backed the deal, which will water their holding down to less than 5%.
Shares of...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read