date:Sep 08, 2012
pplication for clearance to acquire the Studholme plant has come under pressure in recent months, with one rival bidder calling for an investigation into why its more lucrative bid was not accepted by receivers.
In its application to the Commerce Commission, Fonterra claimed that it had not pursued the acquisition. The anonymous bidder questioned why the receiver did not further explore its more lucrative offer, if Fonterra was such a reluctant bride.