Mad Butcher franchisor business to sell for $8mJACKSON THOMAS/STUFF Shareholders must approve the sale. There were three bids for the Mad Butcher business. READ MORE:* Shareholders regret buying into 'disaster' Mad Butcher owner* Liquidators investigating Nosh collapse allegations* Veritas Investments considers options after bank pulls supportAll of the Mad Butcher stores will be sold except for the company-owned Mad Butcher stores located at Henderson, Onehunga, Shirley and Silverdale. The appraisal report will contain such information, valuations and other material as is necessary for Veritas shareholders to appraise the implications of the Mad Butcher Sale and decide whether the terms of the Mad Butcher Sale are fair. If the company's shareholders approve the Mad Butcher Sale, completion is scheduled to occur in early 2018.

Source: Stuff December 20, 2017 04:16 UTC