date:May 04, 2014
Goodman Fielder Ltd.s best option may be to follow the advice of its biggest shareholder and negotiate a sale.
The Australian baker this week rejected as too low a 65-cents-a-share bid from Wilmar International Ltd. and First Pacific Co. that valued the companys equity at A$1.27 billion ($1.18 billion). With analysts projecting a loss this year at Goodman Fielder and more stock declines, shareholder Perpetual Ltd. says the maker of Helgas bread should enter into talks with its suitors.
Goodma