Independent adviser Grant Samuel rolled out again to back Silver Fern Farms deal

Fri, 22 Jul 2016

By Paul McBeth July 22 (BusinessDesk) - Silver Fern Farms has got Grant Samuel to back its proposal to sell half its meat processing assets to China's Shanghai Maling Aquarius ahead of a second shareholder vote, which the board will ignore if support for the deal evaporates. In the notice to shareholders of the Aug. 12 meeting in Dunedin, Grant Samuel again said the terms of the transaction were "fair and reasonable" to shareholders, with the meat company still "undercapitalised and a financial restructuring is critical to its future." T...

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