Bachoco committee deems shareholder buyout offer 'reasonable'

The Mexican company produces chicken, egg products
calendar icon 20 September 2022
clock icon 1 minute read

Mexico's Industrias Bachoco, a holding company whose core business is producing chicken and egg products, said an ad hoc committee had met Monday and determined that a voluntarily buy-out offer from some shareholders was "reasonable," according to a news report from Reuters.

In a filing to Mexico's main stock exchange, Bachoco said the price of 81.66 pesos ($4.10) per share was "reasonable" from a financial standpoint and "fair" for shareholders.

($1 = 19.9220 Mexican pesos)

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