Fonterra acts on plummeting share price

Fonterra acts on plummeting share price
Fonterra acknowledges there is concern about falling share price. (Image: Supplied)
Rebecca Howard
Fonterra acknowledged “concern about the decline" in its share price over recent weeks and said it will be providing additional financial support to more actively support liquidity on an interim basis.At Friday’s closing price of $2.28 the shares, which only farmers can own, were collectively worth just half - $3.68 billion -  of their $7.36b value on May 5 last year, the day before it announced its capital restructuring.“Since we started consulting on our capital structure review, liquidity in the Fonterra sharehold...

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