{"id":198271,"date":"2017-12-15T21:53:49","date_gmt":"2017-12-15T11:53:49","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=198271"},"modified":"2020-07-02T18:38:06","modified_gmt":"2020-07-02T08:38:06","slug":"pca-takeover-offer-on-track","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2017\/12\/15\/pca-takeover-offer-on-track\/","title":{"rendered":"PCA Takeover Offer On Track"},"content":{"rendered":"
\"PCA<\/a>
Kingaroy's iconic silos could soon have new owners<\/figcaption><\/figure>\n

December 15, 2017<\/strong><\/p>\n

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”.<\/p>\n

About 87.7 per cent of the issued shares in PCA have accepted the offer as at December 14.<\/p>\n

\u201cWe 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.<\/p>\n

“We expect to have 90 per cent of the issued shares accepting the offer by the closing date of December 20.<\/p>\n

\u201cAs a proud Australian-owned company, Bega has a strong history of working closely with farmers.<\/p>\n

“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.\u201d<\/p>\n

Shareholder queries with respect to the bid should be directed to the Bega information line on 1300-880-751.<\/p>\n