Smh:
Brumby’s Bakeries has recommended an offer by its management team to take over the breadmaker after its $28.5 million bid became unconditional.
The bid by BBS Pty Ltd, which includes Brumby’s chief executive Michael Sherlock who holds around 21 per cent of the breadmaker, followed an initial offer by the Retail Food Group (RFG).
Mr Sherlock said the next move would have to come from RFG, the company behind the Donut King brand.
“It’s like a game of poker, they can throw their hand in or raise us,” Mr Sherlock said.
The BBS offer to the 300 shareholders of the Bendigo Stock Exchange-listed Brumby’s is for $2.80 a share for the remaining 79 per cent of the company and a fully franked dividend of 10.88 cents.
On December 18, Brumby’s entered into a merger implementation agreement with RFG that offered $2.68 a share along with the dividend.
RFG will earn a break fee of $360,000 if it pulls out of the bidding for Brumby’s.
Mr Sherlock said the decision by the Brumby’s board on Friday was in the best interests of shareholders and franchisees.
“The BBS offer ensures that the successful management team that has guided Brumby’s outstanding performance in recent years will remain in place,” he said.
KenMarshall on April 19th, 2007 at 4:40 am
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TonyB on April 1st, 2009 at 7:21 pm
Hi Everyone,
I have a carpet cleaning business in Houston,TX that was doing pretty good until the economy went bad, and with it my clientele. I have a website for the business but I dont
know what I have to do the get it to show up in a search. Right now it’s somewhere in the yahoo/google netherworld (LOL).
Is there someone on here that can give me some insight or know of anyone that coud give me insight on how I can get my local website on the front
page of a Yahoo or Google search to increase my business without it costing me 5 or 10k $$$? If so please share with me.
I thank you and my hungry over-eating children thank you.
thanks,
Mmillerho on April 2nd, 2009 at 4:34 pm
Hello, I am new to post here and I’m not sure if this is the right place or not. I currently own a 35yr old Honda Franchise. I am looking for an Investor or partner of any type to help me grow my business.
While Honda is closing more than 500 dealers I feel we will be positioned with a great market advantage. I feel this will be the time to really start building a brand. We also have everything in place and working to break into the billion dollar internet sales industry. We are currently accepting online order and have our own reviews section in a leading motorcycle website. Any offers or inquiries welcome.
For more info please contact me at matt@ridemillerhonda.com our Matt 805-698-3843
Website is http://www.ridemillerhonda.com