fbpx
Print this page
Thursday, 27 June 2019 09:03

Shaky vote

Written by 
Shaky vote

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

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.

Westland Milk reports positive season

"I'm more positive now than I was two or three months ago." That's the view of Richard Wyeth, chief executive of Hokitika-based Westland Milk Products (WMP).

Popular Reads

Featured

IrrigationNZ warns RMA reform may miss water needs

Irrigation NZ is warning that the government's Resource Management Act (RMA) reform risks falling short of its objectives unless water use for food production and water storage infrastructure are clearly recognised in the goals at the top of the new system.

National

Trev Integrates with LIC MINDA

Trev Integrates with LIC MINDA

Farm software outfit Trev has released new integrations with LIC, giving farmers a more connected view of animal performance across…

Machinery & Products