Penno’s case on Synlait makes no sense
ANALYSIS: Ahead of a crucial shareholder vote, the milk processor’s former managing director is trying to put a spanner in the works.
Synlait will hold a special shareholder meeting on September 18.
Our thoughts and prayers this week go out to Synlait chair George Adams.
He has spent months negotiating a hefty capital raise to fend off almost certain receivership only to be confronted by the ghost of chairmen past in the form of John Penno, whose apparition has covered the pending deal with
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