Inghams addresses share price spike and denies takeover rumors
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- Integrated poultry producer Inghams addresses price spike after rapid share jump
- The company confirmed it has received no takeover offers
- Management stated it remains fully compliant with disclosure rules.
Inghams Group (ASX:ING) responded to a stock exchange price query after its share price rose from $2.08 to $2.23 in a single trading session.
The trading activity followed media reports speculating about a potential acquisition of the business.
"We have received no offers or approaches of the type described," stated Inghams Group CEO Andrew Reeves.
The company stated it is not in any discussions regarding a possible takeover.
Following the announcement, the Inghams Group share price was up at $2.20.
The business operates as the largest integrated poultry producer across Australia and New Zealand.
Recent market moves for the firm include portfolio optimisation and supply chain investments over the past year.
