Menu
14/08/2001
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale.
After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
As an agri-food business, Golden Vale employs 700 people in Northern Ireland through its subsidiaries, Golden Cow in Portadown; Derry Produce Packers in Coleraine; Saint Brendan’s in Londonderry; and Leckpatrick in Omagh and Artigarvan. The company also recently opened Rye Valley Foods in Enniskillen and expanded a processed cheese facility in Coleraine.
The Kerry Group is ranked as the tenth largest company in Ireland with earnings up over 90 per cent per annum since taking on public liability status 15 years ago.
Although 72 per cent of shareholders backed the original proposal on August 2, an 80 per cent acceptance target was needed before the deal was able to proceed. (MB)
After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
As an agri-food business, Golden Vale employs 700 people in Northern Ireland through its subsidiaries, Golden Cow in Portadown; Derry Produce Packers in Coleraine; Saint Brendan’s in Londonderry; and Leckpatrick in Omagh and Artigarvan. The company also recently opened Rye Valley Foods in Enniskillen and expanded a processed cheese facility in Coleraine.
The Kerry Group is ranked as the tenth largest company in Ireland with earnings up over 90 per cent per annum since taking on public liability status 15 years ago.
Although 72 per cent of shareholders backed the original proposal on August 2, an 80 per cent acceptance target was needed before the deal was able to proceed. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
11 April 2002
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
02 October 2001
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
17 April 2002
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
14 August 2001
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
