Patties takeover by PEP

1. Takeover offer

1.1. $1.65 per share

1.2. Includes $0.25 special dividend

1.3. Value Patties at $231m

2. Tax implications

2.1. Cash consideration vs Scrip consideration

2.1.1. Scrip for scrip rollover

3. Ethical considerations

3.1. Conflict of interest

3.2. Concern of greed

4. PEP

4.1. Private Equity Firm

4.2. Investments include Peters Icecream and Hoyts

5. Patties

5.1. Food manufacturing firm

5.2. Involved in public health scandal in 2015