Goodman Fielder accepts lower takeover bid

First Pacific, Wilmar lob 67.5c per share offer, target flags $300m-$400m impairment.

Goodman Fielder (GFF) has agreed to a takeover bid from persistent suitors First Pacific and Wilmar which values the butter and margarine maker at 2.5c less per share than their most recent offer. 

First Pacific and Wilmar will pay 67.5c per Goodman Fielder share, which will allow the target to pay a 1c final dividend. This represents a 3.6% discount on the previous offer of 70c, or a 2.1% discount including dividend.


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