Australian states embrace virtual fencing, creating growth opportunities for Halter
More Australian states are embracing virtual fencing technology, opening growth opportunities for Kiwi companies like Halter.
Canadian dairy company Saputo is set to take full control of Australian dairy processor Warrnambool Cheese and Butter.
The company has acquired over 98% of WCB shares and will now compulsorily acquire the remaining shares under ASX takeover rules.
Saputo this week raised its offer for WCB by 20c, from A$8.85 to A$9.05/share per share, leading to Lion Dairy selling its 10% stake.
Lion says while it will make a small profit as a result of the sale, its stake was a strategic one intended to protect the business’ broader interests, including longstanding contract arrangements with WCB.
“Since the purchase of the WCB stake in 2013, Lion’s Dairy & Drinks business has made significant progress in its turnaround program, including the sale of everyday cheese assets to WCB in 2015 as part of its tightening focus on core dairy and juice categories.
“Today’s sale to Saputo is therefore a logical step and a positive outcome for Lion. Existing contracts are unaffected by the sale, including Lion’s supply of parmesan cheese to WCB. Lion looks forward to continuing mutually beneficial commercial arrangements with WCB going forward.”
Saputo aims to delist WCB once it has full control.
Saputo emerged as the victor in a three-way race for majority ownership of WCB in 2013-14, but failed to gain the critical 90% for compulsory acquisition.
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.