The decision by Christchurch-based company Scales to increase its share in T&G by a further 4.3 per cent, adding to the six per cent stake it purchased from ACC last year, has blocked BayWa’s takeover bid for T&G, TVNZ has said.
BayWa, which currently controls 71.8 per cent of shares, requires 90 per cent to automat- ically trigger a buyout of minority shareholders under the New Zealand Takeovers Code, Fruitnet.com reports.
The Mr Apple-owned orchards Te Papa and Blyth sell to fund managed by Craigmore
Chris, Carlo and Louise consider the consumers of tomorrow, the choices they will make and how we can develop fresh produce that will appeal to them
Overall food prices also see decrease for first time in six years
BerryWorld sweeps the board at National Cherry and Soft Fruit Show awards for berry varieties
NFU and Food Foundation welcome new government proposals to boost farming and healthy eating, but call for plans to back them up
Brits declare farming the most valued profession behind nursing, NFU survey finds
No comments yet