Bachoco Ad Hoc Committee Publishes Fairness Opinion and Communicates Position regarding Price of Potential Voluntary Tender Offer for Bachoco Shares
In April 2022, the ad hoc committee was formed, comprised exclusively of independent members of Bachocos board of directors (the Board), in connection with the aforementioned potential offer.
- In April 2022, the ad hoc committee was formed, comprised exclusively of independent members of Bachocos board of directors (the Board), in connection with the aforementioned potential offer.
- The ad hoc committee held a follow-up meeting on June 17, 2022, at which representatives of FTICA presented their preliminary perspectives as of the date of that meeting, while awaiting the commencement of the offer.
- Given the delay in the commencement of the offer, the ad hoc committee considered that it was prudent and consistent with Bachocos historical transparency and corporate integrity to publish FTICAs opinion and communicate it to the public.
- Consequently, today, the ad hoc committee received FTICAs written opinion, a copy of which is attached to this press release.