Alliance announces $250m Dawn Meats investment
If farmer shareholders do not approve the deal in October the meat processor ‘will be obligated to enter a process led by its banking syndicate’.
Alliance Group chair Mark Wynne.
Irish meat company Dawn Meats will invest $250 million for a 65% share of meat processing co-op Alliance Group under a proposal announced this morning.
The money will be used to pay off $200m of bank debt and distribute up to $40m to shareholders.
The deal is subject to shareholder approval at a
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