Bids for Fonterra's Tip Top due in by Monday

Thu, 07 Mar 2019

By Jenny Ruth March 7 (BusinessDesk) - Indicative bids to buy Tip Top ice-cream from Fonterra Cooperative Group are due in by Monday, according to the Australian Financial Review which says it has seen a copy of the confidential information memorandum. Its Street Talk column says the business is being pitched by First NZ Capital as a “unique opportunity to invest in an iconic New Zealand company with 80 years of heritage.” While the memorandum talks about Tip Top’s “unrivalled market position,” it also notes that Unilever, which has th...

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