PGG Wrightson needs a replacement white knight for Agria

Will PGG Wrightson minority shareholders end up as lambs to the slaughter in the upcoming board tilt? (Image: NZME)

Tue, 19 Mar 2024

PGG Wrightson needs a white knight. Today's share price is languishing near the four-year low it hit when covid was spooking everyone, and it hasn’t been consistently this low in adjusted terms since the tail end of 2016. We know this is a cyclical thing. The economy is teetering on a double-dip recession, and the primary sector is still licking its wounds from high interest rates and a rapid shift in climate change regulations that have upended many of what farmers thought was a viable business. But at its heart, New Zealan...

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