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.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth