Goodman should keep talking with Wilmar, Perpetual says

Top shareholder Perpetual says Goodman Fielder should keep talking to extract a higher offer after Wilmar Chairman Kuok Khoon Hong flew to Sydney for face to face meetings with the food group on the weekend.

Credit Suisse, those in the food and beverage industry say, have quietly made it known for more than a year that its client Goodman Fielder would entertain takeover offers. Until the weekend no one was prepared to seriously talk with Goodman, its bankers or lawyers at Herbert Smith Freehills about an acquisition.

That was until Kuok Khoon Hong, the cofounder and executive chairman of Singapore-listed palm oil giant Wilmar International, flew into Sydney for face to face meetings with Goodman and its advisers on Saturday and Sunday.

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