Shareholders in Sovereign Food Investments have approved the takeover of the South African poultry processor by private-equity firm Capitalworks following a 9 October vote on a ZAR907m (US$66.8m) cash offer.
The takeover bid for South Africa poultry processor Sovereign Food Investments has cleared the threshold on the level of shareholder acceptances.
South African private-equity firm Capitalworks has moved to buy a controlling stake in Sovereign Food Investments, the local poultry group.
Sovereign Food Investments is in unspecified talks the South Africa-based poultry group has said could have "a material effect" on the company's shares.
Sovereign Food Investments, the South Africa-based poultry processor, has booked a loss of ZAR35m (US$2.6m) for the year to the end of February, despite increased sales.
Sovereign Food Investments, the South Africa-based poultry processor, has forecast it will post a loss for the year to the end of February. The company expects a loss per share…
Sovereign Food Investments has booked half-year losses of ZAR36m (US$2.6m) on the back of pressure from feed prices and the cost of defending itself from a hostile takeover bid from fellow South…
Country Bird Holdings CEO Marthinus Stander said the South African poultry group would not seek another acquisition target should it decide not to pursue its interest in local rival Sovereign…
Sovereign Food Investments, the South African poultry group that mounted a legal challenge against a takeover bid from local peer Country Bird Holdings, has said the country's government has ruled…
Sovereign Food Investments, the South African poultry group that is subject to a takeover bid from local rival Country Bird Holdings, has said it expects to report a loss for…
Country Bird Holdings' bid to buy fellow South African poultry group Sovereign Food Investments has taken a fresh twist, with the takeover target claiming its suitor's move to change a…
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