Canterbury Meat Packers Limited
Transaction Type: Takeover (Full)
Offeror: Phoenix Meat Company Limited
Independent Adviser(s): PricewaterhouseCoopers (Rule 21)
Offer dispatch date: 6/08/2001
Offer closing date: 27/12/2001
On 20 July 2001, Phoenix Meat Company Limited (Phoenix) received a takeover notice from Canterbury Meat Packers Limited (CMP) notifying CMP’s intention to make a full takeover offer for all Phoenix shares on issue. The offer was made on 6 August 2001 at an offer price of $2.88 per share.
At the close of the offer CMP had received acceptances of 96.2% of the issued shares in Phoenix and CMP completed the compulsory acquisition of the remaining shares.
PricewaterhouseCoopers were approved as independent adviser to provide a report under rule 21 of the Code.