Bachoco Ad Hoc Committee Publishes Fairness Opinion and Communicates Position regarding Price of Potential Voluntary Tender Offer for Bachoco Shares
Industrias Bachoco S.A.B. de C.V. ("Bachoco" or the "Company") (NYSE:IBA, BMV:BACHOCO), announces that the members of its ad hoc committee met today regarding the intention of certain shareholders of Bachoco to make a voluntary tender offer to purchase all of Bachoco's outstanding publicly owned shares not currently owned by such shareholders, through a special purpose vehicle (the "offeror") for a cash purchase price of $81.66 Mexican pesos per share (the "offer price"), as previously announced on March 25, 2022 (such offer, the "offer" or "potential offer" as the context requires).
In April 2022, the ad hoc committee was formed, comprised exclusively of independent members of Bachoco's b
