Thursday, 27 June 2019 09:03

Shaky vote

Written by 

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.

More like this

Buttery prize

OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having the last laugh when it comes to cashing in on NZ grass-fed butter.

Strong growth for Yili's NZ operations

Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.

Featured

Editorial: Working Together for Results

OPINION: New health and safety guidance unveiled by the Government recently provides farmers greater certainty about what is expected of them when managing risks on farm.

Regenerative Grazing Project Backed by Global Fund in NZ

A New Zealand initiative supporting farmers to restore the health of grazing landscapes has received international backing through the Regenerative Fund for Nature, a global collaborative fund supporting regenerative agriculture and the communities that produce natural fibres for the fashion industry.

National

Ah Tatua, You've Done It Again!

Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.

Machinery & Products

» Latest Print Issues Online

Milking It

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter