Tompkins Wake advised Affco Holdings Limited on all aspects of the full takeover by Talleys. The takeover offer of $0.37 per share valued Affco at approximately $180 million. Affco was a company listed on the main board of the NZ stock exchange with over 5,000 shareholders and $1 billion pa in revenue.
Talleys had been a long term holder of Affco securities since 2001 and has been a key influencer in Affco achieving its current all round strength. Affco is now well positioned for the future, and observers of the corporate agbusiness sector will be watching Affco’s future developments with interest.