30 Apr 2013

Mad Butcher acquisition confirmed

2:55 pm on 30 April 2013

Shareholders in Veritas Investments, a listed shell company, have approved the acquistion of the Mad Butcher butchery chain.

Veritas bought the Mad Butcher from owner and chief executive Michael Morton for $40 million last year.

Chair Mark Darrow said the board is very pleased shareholders have shown such strong support for the acquisition.

Veritas Investments is selling up to $25 million worth of shares with allotment to be completed on 8 May.