Fyffe's takeover to be completed next month
“It’s an historic day in the company’s history. Fyffes has been on a journey for over a century now,” said executive chairman David McCann.
Mr McCann said he expects the deal, following shareholder approvals at meetings in Dublin on Monday, to be completed in mid-to-late-February, depending on the necessary High Court and various other regulatory approvals.
The takeover, announced in early December, would end the tropical fruits distributor’s three-and-a-half decades as a Dublin-listed company and result in an €87.5 million payment to the McCann family for their almost 12 per cent stake.
While shareholders may be pleased, many others were not however. Outside where the meetings took place protests were held against proposed labor violations of Fyffe's subsidiaries.
source: irishtimes.com
