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9 Apr 2020 16:27
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  •   Home > News > Rural

    A big payday's coming for farmers in New Zealand's second-biggest dairy co-op

    A big payday's coming for farmers in New Zealand's second-biggest dairy co-op


    The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company for 588-million-dollars.

    West Coast dairy farmer and farming commentator Andy Thompson says 94 percent of shareholders agreed to the offer - of 3 dollars and 41 cents a share.

    He says the deal will go through on August 1 - and it'll be a big payout for Westland's farmers.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
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     05 Mar: Longstanding Fonterra chairman, John Monaghan, is stepping down from the dairy co-operative's board
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     15 Jan: The Revenue Minister says he's asked officials to look at the tax issues around Mycoplasma bovis
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