UK: Bernard Matthews buy back scheme completed
With a 185p-per-share offer, Bernard Matthews has finally completed a deal which means he once more controls the full ownership of the turkey business which he established over 50 years ago with the not so formidable investment of £2 and 10 shillings. Food and household products manufacturer Sara Lee withdrew from a takeover battle for the "bootiful" firm earlier this month, and Matthews has now emerged the victor. When the Norfolk-based company was floated in 1971, Mathews and his family retained a 41.7% stake, but this will now increase dramatically as the turkey firm is taken over by a holding company headed by Matthews.
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