Fonterra units lead slide in listed dairy companies; A2, Synlait fall

Sun, 04 Aug 2013

Aug 5 (BusinessDesk) – Units of Fonterra Shareholders’ Fund tumbled to the lowest level this year, leading a decline in dairy-related companies on the NZX, amid investor concern earnings will suffer from the discovery of a bacteria contamination in batches of whey protein. Units of the fund, which give investors access to the dividends from Fonterra’s shares, fell 8.6 percent to $6.51, erasing more than $60 million from its market value. The units were sold in an initial public offering in November at $5.50 apiece. Shares of A2 Corp, which m...

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