Green Light for Fonterra's $3.2b Capital Return Scheme
Fonterra farmer shareholders have approved the mechanism for a $2/share capital return expected from the sale of its global consumer and associated businesses.
Some farmers are cheesed off with the co-op for its performance, consumers are unhappy with the high price of milk and motorists are fed up of milk tankers clogging our roads.
However, one Northland man has taken his dislike of the co-op to a new level. The man (52) appeared in Whangarei District Court charged with shooting at the co-op’s Kauri plant; he was remanded in custody for a mental health assessment.
He faces charges of unlawful possession of a restricted firearm (an SKS 7.62/39 calibre), reckless discharge of a firearm and importing a restricted weapon.
Fonterra says the man has no direct connection to the co-op.
