Page 29 - Peter Mcbride News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is Fonterra shooting itself in the foot with proposal to axe shareholders' fund? 9 May, 2021 05:00 PM 5 minutes to read Fonterra shareholders mulling big capital structure change proposal. Photo / File Part of Fonterra leaders' preferred proposal for a major capital restructure risks undermining the very thing they are seeking to achieve - securing an economic lifeblood milk supply. That's the view of Jarden investment bank head of institutional research Arie Dekker, who believes the two prongs of thinking behind directors' favoured proposal "don't go naturally together". Re...

The fund is Fonterra’s way of allowing non-farmers to invest in the industry, but in Thursday’s announcement, the company said its preference was now to either buy back or cap the size of the fund. It says removing outside investment and placing trading back entirely in farmers hands could lower the cost for new farmers getting into the industry. At the same time, its farmers have temporarily been prevented from exchanging their non-production linked, “dry” shares for units during the consultation phase, in case the listed fund gets too big for farmers to buy back. STACY SQUIRES Ch...

Fonterra capital structure rejig to speed through Parliament, Damien O'Connor says 7 May, 2021 05:40 AM 5 minutes to read Agriculture Minister Damien O'Connor has been a vocal critic of Fonterra's capital structure. Photo / File Agriculture Minister Damien O'Connor has been a vocal critic of Fonterra's capital structure. Photo / File Agriculture Minister Damien O'Connor says he will assist Fonterra's board in speeding through change needed to dairy industry law to accommodate a capital restructure. Fonterra's board hopes to put a proposal for significant capital structure ch...

It comes after the dairy company announced a trading halt on Wednesday.

NZX-listed fund seen as part of the problem for the co-op.