AUSTRALIA: Dairy Farmers must include "dry" farmers in shareholders' restructure vote
So called "dry farmers" must be included in a shareholders vote on Dairy Farmers' restructure plans, according to a recent ruling by the Supreme Court of New South Wales in Sydney. Dairy Farmers, Australia's largest dairy co-operative, has revealed plans to split the business into separate supply and processing entities. The restructure was always subject to the approval of shareholders through an up-coming vote, but now Justice Santow has ordered Dairy Farmers to include the opinion of those farmers who are no longer in the industry.
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