New Zealand meat processor AFFCO has announced that the takeover bid for Open Country Cheese by its dairy subsidiary Dairy Trust has become unconditional, following the confirmation of the required number of shareholder acceptances.
 
AFFCO said it had received sufficient acceptances to satisfy the minimum acceptance condition, adding that the offer, which closed yesterday, “is now unconditional in all respects”.
 
The company said that final acceptance numbers would be confirmed over the next few days. Following that finalisation process, notice of allotment of Dairy Trust shares will be sent to OCC shareholders who accepted the offer.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now