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Wilmar, First Pacific raise acquisition offer for Goodman Fielder to $1.3bn
date:May 19, 2014
Wilmar International, a Singaporean agribusiness company, in partnership with First Pacific has raised its acquisition offer to A$1.4bn ($1.3bn) for food company Goodman Fielder, after the company refused their previous deal.

Earlier in April 2014, Goodman had downplayed an A$1.27bn ($1.18bn) takeover offer made by Wilmar International along with First Pacific, joint owners of 10.1% stake in the Goodman. It stated that the offer materially undervalued the company.

Increasing the offer by 7.7%,

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