Celebrating 25 Years of Scoop
Cooks Foods buys pasta, vinegar units
Cooks Foods buys pasta, vinegar units from Goodman Fielder
Dec. 16 - Cooks Food Group Ltd., which listed its shares on the NZAX market in October, agreed to buy the Diamond Pasta and DYC vinegar businesses from Goodman Fielder for NZ$12 million.
The company said investors holding more than 80% the stock support the deal, meaning a shareholder vote will be a formality.
Cooks will fund the acquisition through a mixture of debt and new equity, according to a statement from chairman Keith Jackson.
The stock last traded on Nov. 18 at 30 cents, giving the company a market value of NZ$6.6 million.
(Businesswire)
ENDS
Advertisement - scroll to continue reading
Martin LeFevre - Meditations: Why Trump Could Become POTUS Again
Ramzy Baroud: Words Kill - Why Israel Gets Away With Murder In Gaza And Lebanon
Gordon Campbell: On The Dunedin Hospital Fiasco 
Binoy Kampmark: Unrealisable Justice - Julian Assange In Strasbourg
Martin LeFevre - Meditations: We Cannot Return And Recover As Humans; We Can Only Transcend As Human Beings
Binoy Kampmark: Presidential Marxism - AKD And The Sri Lankan Elections