July 2, 2014
The Age
Breads-to-spreads maker Goodman Fielder is poised to fall into foreign hands after accepting a $1.34 billion takeover offer.
The Hong Kong-based investment firm First Pacific and Singapore’s Wilmar International have agreed buy Goodman for 67.5 cents a share.
Goodman shareholders will also receive a one cent dividend from the Australian food ingredients maker as part of the deal.
The companies have signed a scheme implementation deed which will allow the foreign predators to buy the remaining shares in Goodman that they do not already own.
Posted in Industry News
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