fbpx
Print this page
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

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).

Westland hits $1b revenue

Hokitika-based Westland Milk Products is bracing for another good year after hitting $1 billion in revenue for the first time in 2022.

Featured

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…