Patties takeover goes to Supreme Court

Patties shareholders last week voted in favour of a sale to PEP-owned Australasian Foods Bidco but the deal must be approved by the Supreme Court of Victoria

1 min read

Published 2 September 2016 9:38am

Source: AAP

Share this with family and friends

Patties Foods shares have been placed in a trading halt ahead of a court hearing into the company's proposed takeover by Pacific Equity Partners.

Patties shareholders last week voted in favour of the takeover by PEP-owned Australasian Foods Bidco but the deal must be approved by the Supreme Court of Victoria.

If the court approves the takeover, PEP will own brands including Four "N Twenty, Nanna's and Herbert Adams from September 15.

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.