NEW ZEALAND: Possible extension of Sanford's stock value in Canadian fishing company
Following the collapse of the group's bid for Brierley Investments' share in fellow New Zealand firm Sealord , fishing company Sanford may well be looking to redirect its interest in financial investment into Fishery Products International.(FPI) Sanford already controls 15% of the Canadian company, the maximum stake currently allowed by Newfoundland legislation designed to protect a publicly listed company, but other shareholders at FPI are voting that removing the restriction is in the best interests of the company.If this does happen, however, it is likely that a new bidding war will ensue, as
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Brazil seeks to cool concerns over meat probe
- Lactalis fails to hit threshold to delist Parmalat
- Mondelez plays down impact of union action