December 15, 2017
Bega Cheese has advised the ASX that its unconditional takeover offer for all of the shares in the Peanut Company of Australia Limited is “progressing well”.
About 87.7 per cent of the issued shares in PCA have accepted the offer as at December 14.
“We are delighted with the response to our offer to the shareholders of PCA, many of whom are peanut growers in Queensland,” Bega CEO Paul van Heerwaarden said on Friday.
“We expect to have 90 per cent of the issued shares accepting the offer by the closing date of December 20.
“As a proud Australian-owned company, Bega has a strong history of working closely with farmers.
“We plan to grow the supply of high quality Australian peanuts for our great-tasting peanut butter that has been made for over 50 years at our Port Melbourne facility.”
Shareholder queries with respect to the bid should be directed to the Bega information line on 1300-880-751.
- Related article: Bega Cheese Bids To Buy PCA
