CELAYA, Mexico–(BUSINESS WIRE)–Industrias Bachoco S.A.B. de C.V. (“Bachoco“) (BMV: BACHOCO), informs that today, Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México, as intermediary, published today the notice of results of the tender offer in terms of Article 108 of the Ley del Mecado de Valores (the “Mexican Securities Market Law”), initiated by Bachoco, as Offeror, for up to all of the outstanding Series “B” shares of Bachoco, owned by the general investor public, corresponding to approximately 2.28% of the outstanding capital stock of Bachoco as of the date of the offer.
According to the figures determined by the placement intermediary, 8,205,316 shares representing Bachoco’s capital stock participated in the offer and were accepted by the Offeror. By virtue of the foregoing, the Offeror, including affiliates and related parties, would directly or indirectly own 99.1% of Bachoco’s capital stock.
Industrias Bachoco is a leader in the poultry industry in Mexico and one of the largest poultry companies in the world. The Company was founded in 1952, Corporate offices are located in Celaya, Mexico. Bachoco is vertically integrated; its main business lines are: chicken, eggs, balanced feed, pork, among other products. It has more than one thousand facilities organized into 9 production complexes and more than 100 distribution centers in Mexico and one production complex in the United States. It currently generates more than 34,000 direct jobs. Bachoco has the following ratings: “AAA (MEX)”, the highest rating assigned by Fitch México, S.A. de C.V.; and “HR AAA”, which means that the Issuer or the Issue is of the highest credit quality and was granted by HR Ratings de México, S.A. de C.V.
The document contains information that could be deemed forward-looking statements regarding expected future events and results of the Company. The statements reflect management’s current beliefs based on currently available information and are not guarantees of future performance and are based on our estimates and assumptions that are subject to risks and uncertainties, including those described in the Annual Information form, which could cause actual results to differ materially from the forward-looking statements contained herein. These risks and uncertainties include risks associated with ownership in the poultry industry, competition for investments in the poultry industry, shareholder liability, government regulation and environmental matters. Accordingly, there can be no assurance that actual results will be consistent with these forward-looking statements. Except as required by applicable law, Industrias Bachoco, S.A.B. de C.V. undertakes no obligation to publicly update or revise any forward-looking statements.
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