Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
Westland Milk Products shareholders voted overwhelmingly last Thursday to sell their co-op to Chinese dairy giant Yili.
Westland Milk Products’ board chair, Pete Morrison has defended bonus payments to chief executive Toni Brendish and other top executives, criticised as having conflicts of interest.
Corporate farmer Southern Pastures, Westland Milk Products’ largest shareholder and milk supplier, says it will abstain from voting on the proposed takeover offer by Chinese giant Yili.
The upcoming vote on Westland Milk’s sale is getting interesting as the big day approaches next week.
Corporate farmer Southern Pastures, Westland Milk Products’ largest shareholder and milk supplier, says it will abstain from voting on the proposed takeover offer by Chinese giant Yili.
The Government is giving an extra $400,000 to help West Coasters recover from the devastating March floods.
The West Coast may be Westland Milk Products territory but that hasn’t prevented Fonterra from stepping in to help with the cleanup following the torrential rain and flooding of late March.
Westland District mayor Bruce Smith isn’t buying suggestions that productive farmland at Franz Josef should be abandoned to the flood-prone Waiho River.
Westland Milk's decision to sell to Chinese company Yili may get the nod of farmer shareholders but politicians aren’t happy.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.