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Article: Float decision will preserve Hart stake in new GF.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 22, 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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Nov 22, 2005 (Food Industry Week (NZ) - ABIX via COMTEX) -- Burns Philp has announced that the float ofGoodman Fielder is to proceed. Managementaims to float the food company in Australia
and New Zealand before Christmas 2005.Preparations for the listing were put on holdtemporarily in order to assess a takeover bidfrom Pacific Equity Partners and Bain Capital. The bid failed because the privateequity group would not grant a cornerstonestake to Burns Philp's Graeme Hart. The
decision to float suggests that GoodmanFielder has growth prospects, ...