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Talley's launches full takeover for AFFCO

Tuesday 20th July 2010

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Nelson-based conglomerate Talley’s this evening launched a full takeover bid for the remaining 23.7% of AFFCO Holdings Ltd that it doesn’t already own, offering shareholders the current trading price of 37 cents a share. 

The price is the same as that offered for 23.46% of AFFCO belonging to the Spencer family vehicle, Toocooya Nominees, on June 11, to add to the 52.8% already owned by Talley’s Group. 

Talley’s has broadened and diversified its food investments with the controlling stake in AFFCO and interests including dairy production, as well as producing seafood and vegetables ready for the supermarkets.

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