PGG Wrightson shareholders back sale of seeds unit

Mon, 29 Oct 2018

By Paul McBeth Oct. 30 (BusinessDesk) - PGG Wrightson shareholders have overwhelmingly backed a deal to sell its seeds unit for $434 million, which will free up cash for a return to investors. A resolution approving the sale of the seeds division to Danish cooperative DLF Seeds passed with 96.9 percent support at today's combined annual and special meeting in Christchurch. Of the votes cast, about 462.8 million were in favour, 14.7 million opposed and 3.7 million abstained. The New Zealand Shareholders' Association voted against the tran...

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