NEW ZEALAND: Possible extension of Sanford's stock value in Canadian fishing company
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 Freezing Plants Corporation in Iceland and Canadian Clearwater Fine Foods have also expressed interest in expanding their shares in FPI.
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