Large Westland shareholder cites moral reasons for non-vote on takeover
But Southern Pastures says the offer is fair.
Southern Pastures, the largest Westland Milk Products shareholder, has decided to not vote on a takeover offer by China’s Yili so as to give more power to West Coast suppliers whose livelihoods would be affected by the deal.
It holds a 5.5% stake in the cooperative.
Yili made an offer to
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