HONEY TRADE – AUSTRALIA

Bega’s money not for Capilano Honey: Irvin

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Original article by Eli Greenblat
The Australian – Page: 20 : 11-Sep-18

Bega Cheese announced plans for a $200 million share placement and associated share purchase plan on 10 September. The announcement prompted speculation that it would be using the money raised to launch a counter bid for Capilano Honey, in which it holds a 8.4 per cent stake and which is currently the subject of a $20.06 per share takeover bid from private equity groups Wattle Hill and ROC Partners. Bega executive chairman Barry Irvin claims the money will be used to strengthen its balance sheet and reduce its debt levels, and that it had not made any decisions about Capilano.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, CAPILANO HONEY LIMITED – ASX CZZ, WATTLE HILL, ROC PARTNERS PTY LTD, SAPUTO INCORPORATED, MONDELEZ AUSTRALIA (FOODS) LIMITED

Bega’s all abuzz for stung Capilano

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Original article by Eli Greenblat
The Australian – Page: 19 & 29 : 7-Sep-18

Bega Cheese has increased its stake in Capilano Honey to 8.4 per cent, after having secured an initial shareholding in the week ending 31 August. Capilano is currently the subject of a takeover bid from private equity groups Wattle Hill and ROC Partners, whose $20.06 per share offer values Capilano at more than $190 million. Bega executive chairman Barry Irwin states he is not perturbed by reports that Capilano may unknowingly be selling "fake honey". Irwin says Bega has not made any decisions about making a bid for Capilano itself.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, CAPILANO HONEY LIMITED – ASX CZZ, WATTLE HILL, ROC PARTNERS PTY LTD, AUSTRALIAN CAPITAL EQUITY PTY LTD, KIDDER WILLIAMS LIMITED, SAPUTO INCORPORATED, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED