Trading Among Farmers plan will go ahead - iPredict
Users of the trading website think the proposal will be accepted unchanged by shareholders.
iPredict traders think the Trading Among Farmers proposal will be approved by Fonterra shareholders without any changes.
The giant dairy co-operative's board will present the proposal this week.
Early trading suggests there is a 65% chance of approval of the scheme, which would allow farmers to trade shares among themselves instead of with Fonterra.
Traders are also giving Colin Armer - Fonterra's supplier relations committee chairman - a 45% chance of taking over from Sir Henry van der Heyden as board chairman later this year.
Other iPredict stocks forecast a 53% chance Fonterra's final payout of milk-solids before retentions for 2011-12 will be more than $6.50, with a 26% chance it will be over $6.56.
Fonterra has forecast a payout of $6.45-$6.55 for 2011-12.
Caleb Allison
Wed, 30 May 2012
Wed, 30 May 2012
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Trading Among Farmers plan will go ahead - iPredict
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