Business
Bega gets keys to Lion Dairy and Drinks – The Australian Financial Review
Vegemite owner Bega Cheese has officially taken ownership of the Lion Dairy and Drinks business which includes big brands Dairy Farmers, Yoplait, Big M, Masters…
The headline price of $560 million includes $26 million of IT separation costs, which brings the net price tag down to $534 million.
Bega shares are sitting at about $5.32, still well above the $4.60 price of a capital raising late last year to help pay for the acquisition. Bega has about 13,000 shareholders.
Bega shares hit $5.78 at the end of November, after slumping to $3.46 in the depths of the March sharemarket sell-off at the beginning of the coronavirus pandemic.
Bega, based on the south…
-
Noosa News18 hours agoTallest tower outside CBD approved for construction at 205 metres
-
Noosa News6 hours agoJessica Alba spotted filming spy thriller on the Gold Coast as cameras roll under iconic bridge
-
Noosa News23 hours agoTrucking company penalised for refusing to pay unfairly sacked worker
-
Noosa News19 hours agoFarmgate Backpackers leads with integrity amid industry challenges