date:May 04, 2014
l the same, following Goodman Fielders stock-market slump, Wilmar and First Pacific can afford to raise their offer as demand in Asia rises for the Australian companys products, said Rae at Morningstar.
The companies are prepared to raise their bid by at least a couple of cents a share, the Australian Financial Review reported this week, without saying where it got the information.
Theres room for a few cents more, Rae said. If they wanted to do something, now is probably the best time.