Investment Matters

Company news: Pacific Brands

Shareholders voted in favour of the Pacific Brands Scheme of Arrangement takeover by Hanesbrands, a US apparel company. 

The court subsequently approved the takeover, and Pacific Brands has been suspended from official quotation from the ASX. 

All proceeds (dividend and cash) of $1.15 cents per share are expected to be received by 15-Jul-16. 

Please refer to W&D #39 FY-16 for further information.