date:Apr 29, 2014
Australian food company Goodman Fielder has rejected an A$1.27bn ($1.18bn) takeover offer made by Wilmar International, a 10.1% shareholder of Goodman Fielder, jointly with First Pacific Company.
As per the non-binding, highly conditional proposal received by Goodman Fielder, the two Asian companies plan to acquire all the issued equity in the company at a proposed price of A$0.65 per share.
Following discussions with its board and representatives of Wilmar and First Pacific, the Australian fo