Olam renews bid to wrest full ownership of NZ Farming Systems in slightly sweeter offer

Tue, 02 Oct 2012

By Paul McBeth Oct. 3 (BusinessDesk) - Singaporean commodity group Olam International has renewed its attempt to take full control of NZ Farming Systems Uruguay with a slightly sweeter offer than what it put on the table last year to secure 86 percent of the South American dairy farming operation. Olam is offering 75 cents a share, or $25.8 million, to mop up the remaining 14 percent of Farming Systems it doesn't own, a month after the South American dairy farmer missed annual earnings guidance with a full-year loss of US$7.6 million. The of...

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