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Article: Goodman pumped up by Hart.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 26, 2005
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Geoffrey Newman and Michael Sainsbury
Oct 26, 2005 (The Australian - ABIX via COMTEX) -- Australian food company, Burns, Philp, plansto relist Goodman Fielder. It bought thebusiness in 2003 and has improved itsfinances. Goodman is predicting that EBITDAwill increase by 11 per cent in 2005-06 andrise again in 2006-07. Burns wants to float
the company in December 2005. The new entitywill have a market capitalisation of $A2.8billion and Burns will retain a holding ofbetween 20 per cent and 30 per cent. Peter
Margin, former CEO of National Foods, hasbeen ...