Why Fonterra is going to screw fund investors

Fonterra fears falling milk supply and declining market share. (Source: Unsplash)

Mon, 11 Oct 2021

The Financial Markets Authority (FMA), the Takeovers Code and NZX's now-separated regulatory arm NZ RegCo all evolved to address serious deficiencies in our capital markets.It's why we have a Financial Markets Conduct Act and why NZ RegCo puts such a heavy emphasis on continuous disclosure.Their evolution means the cowboy days of New Zealand's financial markets are largely over.But not quite.What Fonterra is doing to the Fonterra Shareholders' Fund is every bit as bad as some of the historical excesses, such as the way the Lion...

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