Goodfellows' Amalgamated Dairies sells down Sanford stake

Fri, 12 Aug 2016

By Paul McBeth Aug. 12 (BusinessDesk) - Amalgamated Dairies, the investment vehicle for the Goodfellow family, has sold down its stake in fishing company Sanford at a 2.3 percent discount to where they trading at the time. Sanford's biggest shareholder sold 5 million shares on market for $27.5 million, or $5.50 apiece, yesterday, a notice to the NZX shows. That was below the $5.63 bid price at the time, and since then the fishing group's shares have climbed 3.5 percent to $6 today. The sale reduced Amalgamated Dairies' stake in Sanford t...

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