A desire to improve returns for fruitgrowers is behind a suggestion from Scmles Corporation to merge with Turners & Growers, Scales Corporation chief executive Andy Borland says. "We just want to see if there is an opportunity to work together to improve returns for fruitgrowers; we both have that objective for our growers." Andy says no recent progress has been made on a suggested merger. Scales previously raised $25.2 million in a rights issue to repay funds borrowed to build a blocking stake in Turners & Growers. Scales sold 12.6 million shares at $2 apiece in a fully-subscribed five-for-ll rights issue after borrowing $20 million from controlling shareholder Direct Capital to invest inT&G.
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