Heinz will complete its takeover of Golden Circle before Christmas after receiving approval today from the Supreme Court of Queensland. An office copy of the Court’s orders will be lodged with the Australian Securities and Investments Commission this afternoon at which time the scheme will become legally effective. Golden Circle Chairman Phil Cave welcomed the Court’s approval of the scheme of arrangement, which will usher in a new era for Golden Circle. “This heralds the beginning... ...Read more »

Golden Circle shareholders have revealed their overwhelming support for the takeover proposed by food manufacturer Heinz. The H.J. Heinz Company Australia Limited (Heinz) made a $288m bid for Golden Circle in October, which received unanimous support from the Golden Circle Board. Golden Circle, a 61 year-old Australian company renowned for their canned fruit and vegetables, fruit juice and jam, earlier this year listed on the National Stock Exchange after refusing a $1 a share bid from Coca-Cola... ...Read more »

Golden Circle, a 61 year-old Australian company renowned for their canned fruit and vegetables, fruit juice and jam, appears likely to agree to a takeover by Heinz after their Board unanimously recommended the proposal. Golden Circle Limited and H.J. Heinz Company Australia Limited today announced they entered into an Implementation Agreement, whereby it is proposed that Heinz will acquire all of the Golden Circle shares on issue for A$1.65 cash per share, valuing Golden Circle at approximately $288... ...Read more »