Bega swamped by share buyer interest

Andrew Marshall
Updated June 27 2017 - 1:04pm, first published 10:11am
Bega Cheese launched a $160 million capital raising late last week to help shore up it capital base, just as it finalises its popular $460m takeover of the Kraft grocery business, including the Vegemite range.
Bega Cheese launched a $160 million capital raising late last week to help shore up it capital base, just as it finalises its popular $460m takeover of the Kraft grocery business, including the Vegemite range.

Existing institutional shareholders have rushed in to grab an extra slice of Bega Cheese, blocking new investor hopes of taking part in a $160 million capital raising by the dairy company.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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