Inghams Group Says PSP Investments Not Pursuing Control Deal

MT Newswires Live

Sep 25

Inghams Group (ASX:ING) said PSP Investments has disclosed a 5.62% interest in the company but does not intend to pursue a control transaction, following recent media speculation about a potential takeover approach, according to a Friday Australian bourse filing.

The company said it has received no takeover offer or approach from PSP Investments or any other party, adding that it will engage constructively with PSP as a new shareholder while focusing on its strategic plan and delivering value to shareholders, the filing added.

The poultry products supplier's shares rose past 1% in recent Friday trade.

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