Fonterra satisfied it met general disclosure rules over food scare

Tue, 06 Aug 2013

Aug 6 (BusinessDesk) - Fonterra Cooperative Group, New Zealand’s biggest company, is confident it met the general disclosure rules required of a public issuer over the food contamination scare. The Auckland-based dairy company identified the bacteria on July 31, before making a public announcement on Aug. 3, outside trading hours on the New Zealand stock exchange. The delay has raised the ire of the government, and prompted the Financial Markets Authority to look at whether Fonterra met general disclosure rules. “We believe we have satisfi...

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