Sue Mitchell of the Austalian Financial Review reports on the proposed sale of Bartter-Steggles

On 23/1/08 under the headline Bartter Brothers Hatch A Sales Plan Mitchell wrote:

Bartter-Steggles, Australia's second-largest poultry producer, has been put up for sale. The privately-held business, is jointly controlled by brothers Peter and David Bartter, who each own half of the firm. Business valuer Grant Samuel & Associates is due to release an information memorandum this week. Bartter-Steggles has a 26 per cent share of the domestic poultry market - second only to Ingham's Enterprises - and forecast pre-tax earnings this year of A$47 million on sales of A$860 million. The company's chief executive, Geoff Frost, said Bartter-Steggles had achieved A$24million of annualised cost savings in 2007, and forecast at least A$12.9 million in savings this year. Analysts expect the business to sell for between A$300million and A$400 million.