Shareholders in Australian fruit juice and canned food maker Golden Circle have given the green light for Heinz’s proposed A$288m (US$214m) takeover of the group.

Heinz has offered A$1.65 per share, representing a 313% premium on the share price before the deal was announced in October.

At a shareholder meeting in Caliundra on Monday (1 December), shareholders voted 97.05% in favour of the deal.

The company said it had been advised that Heinz has received no objections from the Australian Competition and Consumer Commission and the Foreign Investment Review Board.

“The support for the Heinz proposal by our shareholders is an important step in this process, which will help to secure Golden Circle’s future and provide benefits for shareholders, growers and our employees,” Golden Circle chairman Phillip Cave said.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now