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
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units