Silver Fern could stay NZ-owned for as little as $25k per farmer, says Chinese deal opponent

Thu, 08 Oct 2015

By Jonathan Underhill Oct. 9 (BusinessDesk) - Silver Fern Farms could be kept in cooperative ownership for as little as $25,000 per farmer and the meat company's board would be irresponsible not to consider a "plan B" if it fails to garner support for its proposal to sell half the business to Shanghai Maling Aquarius, says an opponent of the deal. SFF shareholder John Cochrane this week circulated an alternative proposal to issue 250 million new shares that would have preferential status and be entitled to a preferential dividend for five...

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