Thursday, 27 June 2019 09:03

Shaky vote

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The upcoming vote on Westland Milk’s sale is getting interesting as the big day approaches next week.

On July 4 Westland supplier shareholders meet to vote on Yili’s offer of $3.41/share.

The co-op’s largest shareholder, Southern pastures is abstaining from the vote. State-owned farmer PAMU, also a Westland supplier, hasn’t made up its mind yet on how it will vote.

Also reports of a big bonus to executives should the Yili deal go through is causing concern among some shareholders.

What seemed like a straight forward vote a couple of months ago is now looking slightly shaky.

 

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