Opponents of Silver Fern selldown to Bright Foods vow to fight on for NZ funding alternative

Opponents of Silver Fern selldown to Bright Foods vow to fight on for NZ funding alternative
By Fiona Rotherham Sept. 15 (BusinessDesk) - Opponents of a deal to sell half of Silver Fern Farms to China's state-owned Bright Foods, increasing the dominance of New Zealand’s largest meat processor while leaving it debt-free, say they'll continue to push for a locally funded alternative. The board of Silver Fern Farms (SFF) has unanimously recommended accepting the proposal for a 50:50 joint venture with Bright Foods subsidiary Shanghai Maling Aquarius, which would invest $261 million in the business through a transaction that values S...