Business
TPG cashes out of Inghams; JPMorgan nabs block trade – The Australian Financial Review
Global buyout giant TPG has sold its remaining stake in poultry producer Inghams Group.
Global buyout giant TPG has divested its remaining stake in poultry producer Inghams Group.
As first reported by Street Talk, the 9.9 per cent shareholding comprising 36.7 million shares worth $121.7 million will be sold in a block trade overseen by investment bank JPMorgan on Monday morning.
Street Talk. Marco Del Grande
The shares are expected to be offered at $3.32, a 2.1 per cent discount to the last close, according to a term sheet sent to investors. JPMorgan was calling for bids by 8am …
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