Goodman Fielder rejects takeover bid

Food manufacturer spurns offer from shareholder Wilmar International and HK-listed First Pacific.

Australia's largest listed food manufacturer Goodman Fielder (GFF) has rejected a takeover offer from shareholder Wilmar International, jointly with Hong Kong-listed First Pacific Company, saying the 65c per share bid materially undervalues the target.

Goodman Fielder said its board believes the proposal is opportunistic and will continue to assess other opportunities to boost shareholder value.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles