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Rainbow Chicken in BEE talks

Jan 18 2008 11:48

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Johannesburg - Poultry group Rainbow Chicken has started talks with potential black economic empowerment (BEE) partners.

Any proposed BEE transaction, if successfully concluded, will be subject to certain regulatory and shareholder approvals and may have an effect on the market price at which Rainbow`s shares trade on the JSE, the group said.

The group advised shareholders to exercise caution when dealing in their shares until a detailed announcement was made.

- I-Net Bridge

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