Mr Chips Holdings Expects Bid From Simplot Australia

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April 17, 2008
Mr Chips, a New Zealand maker of french fries and processed vegetables, advised shareholders not to sell their shares because Simplot Australia Pty plans to make an offer for the company.

The offer will be at a substantial premium to the last sale price on April 15 of NZ$1.91, the Auckland-based company said in a statement sent to the stock exchange.

Source
Bloomberg
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  • Mr. Chips

    Mr Chips is a leading processor of potatoes in New Zealand and Australia, making over 25,000 tonnes of frozen and chilled french fries and potato products annually. Part of the Balle Bros Group.

  • Simplot Food Group

    Simplot is one of the three larger french fry manufacturers in the United States.

Related Topics

French Fries and Potato Specialties
New Zealand
New Zealand
New Zealand