In submissions to the Commerce Commission, rival processors either want the status quo or the regulations tightened.
New Zealand boss among six senior staff to go in restructure.
A shareholder meeting to consider and vote on the takeover bid is scheduled for February 26.
The three patented products include a new baking product with enhanced health properties and two dairy products with improved sensory and health attributes.
The baking and dairy products the first of a pipeline of innovation into smart foods.
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