[UPDATED] California-based baby products manufacturer Munchkin Inc has acquired a small stake in NZX-listed Synlait Milk following investor presentations in February.
Matthew Goodson said. "With both the Fonterra and Synlait numbers in the last few days, the gloss is coming off it.
Delays in infant formula shipments impacted upon financial performance.
Synlait said its forecast would rise from $4.40 per kilograms of milk solids to a range of $4.50 to $4.70 kg/MS.
Synlait says its products and systems are safe.
Lowering its forecast payout to $4.40 per kilogram of milk solids from a previous forecast of $5.00 kg/MS
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