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FNM chair: BFS IPO should be 25-30% stake
The FREE National Movement’s (FNM) chairman has criticised the Government for mandating that only a 15 per cent stake in Bahamas Food Services (BFS) be sold to the Bahamian public, telling Tribune Business any initial public offering (IPO) should involve at least 25-30 per cent of the company’s equity.
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Wholesalers hope Sysco leaves food retail for locals
WITH the Bahamas Food Services/Sysco deal moving forward, one Bahamian wholesaler yesterday expressed hope that Bahamian-owned suppliers could survive if the Texas-based distribution giant stuck to serving the hotel industry.
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PM confirms approval for Sysco’s BFS deal
PRIME Minister Perry Christie yesterday confirmed that the Government had decided to approve Bahamas Food Services’ (BFS) takeover by multi-bilion US giant, Sysco, promising his administration would ensure that Bahamian wholesalers were not “unduly impacted” by the sale.
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Wholesalers fear BFS purchase a ‘done deal’
The Bahamian wholesale industry has been told that Government approval of Bahamas Food Services (BFS) acquisition by Sysco is “a done deal”, Tribune Business was informed yesterday, although administration sources were adamant that no final decision had been taken.
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BFS acquisition decision 'not delayed much longer'
PRIME Minister Perry Christie said yesterday that the Government’s decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US distribution giant, Sysco, was one that “would not be delayed much longer”.
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BFS deal: Require 25% stake sale to Bahamian investors
THE Government must ensure a minimum 25 per cent equity stake in Bahamas Food Services (BFS) is sold to the Bahamian public if it approves the company’s purchase by Sysco, a prominent businessman also warning it to guard against a food wholesale monopoly.
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Rival wholesalers to ‘strive and survive’ despite Sysco/BFS deal
RIVAL BAHAMIAN wholesalers can survive competition from US distribution giant Sysco, one local wholesaler/retailer telling Tribune Business: “There’s room for everybody.”
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PM facing 'judgement call' over BFS sale
PRIME Minister Perry Christie yesterday said the Government was not close to making a final decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US food distribution giant, Sysco, telling Tribune Business his administratio was having detailed discussions with rival Bahamian wholesalers on the deal’s likely impact.
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Rival wholesalers fear price ‘undercut’ from BFS/Sysco deal
Bahamian-owned food wholesalers would inevitably be “undercut” on price if Bahamas Food Services (BFS) were to be acquired by the multi-billion dollar Texas giant, Sysco, one warning yesterday that he could not see the deal getting government approval without Bahamian participation.
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BFS purchase by Sysco ‘best thing that can ever happen’
A leading retailer yesterday backed any potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar Texas-based giant, Sysco, as potentially “the best thing that ever happened to the food services industry in the Bahamas”.
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BFS chief 'unaware' of any purchase deal
BAHAMAS Food Services’ (BFS) top executive has told Tribune Business he is ‘unaware’ of any potential deal to acquire the leading food distributor, despite market talk that a purchase offer was being discussed.
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BFS may have a perspective buyer
THE Gladstone Road based food wholesaler Bahamas Food Services (BFS) may have a perspective buyer as some in the business community have suggested, although BFS manager Don Carnine told Tribune Business that he had no knowledge of such developments.
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ARAWAK SHARES OFFER 'MAY BE ILLEGAL'
ARAWAK SHARES OFFER 'MAY BE ILLEGAL' By KHRISNA VIRGIL kvirgil@tribunemedia.net THE terms of the government's Arawak Port Development share offer to civil servants could be illegal, according to independent candidate for Garden Hills Paul Moss. In an ef
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