Meat company Silver Fern Farms wants shareholder views on the merits of investigating a merger with rival co-operative Alliance Group.In an open letter to shareholders of both companies, directors of Silver Fern Farms said shareholders were being given an
Meat company Silver Fern Farms wants shareholder views on the merits of investigating a merger with rival co-operative Alliance Group.
In an open letter to shareholders of both companies, directors of Silver Fern Farms said shareholders were being given an opportunity to give their views.
"It is then over to the respective boards to accept or ignore your views."
Alliance chairman Owen Poole told The Otago Daily Times the letter was published without his company's knowledge and it did not have the support of the board.
Silver Fern Farms recently approached Alliance about a possible merger but the overture was rebuffed because it would not lead to wider industry aggregation, Mr Poole said.
