ATLANTA - Gold Kist Inc said Friday that it completed the acquisition of the shares of Golden Poultry Company Inc it did not already own.
The company said the Golden Poultry and Carolina Golden Products Co operations would be liquidated into Gold Kist effective September 8.
The companies announced last April that both boards agreed on a price of $14.25 per share. Gold Kist owned about 10.9 million, or about 75 percent, of Golden Poultry's 14,624,000 shares of common stock outstanding, Gold Kist said in a news release.
Golden Poultry had fiscal 1997 sales of about $747 million, including the sales of Carolina Golden Products Company at Sumter, S.C., which also became a division of Gold Kist. Golden Poultry owned 51 percent of Carolina Golden in a joint venture partnership with Gold Kist.
Gold Kist is an agricultural cooperative based in Atlanta, Ga. Fiscal 1997 sales totaled about $2.3 billion.
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