date:May 04, 2014
ficer Anthony Salim is also chairman of Hong Kong-listed First Pacific, which has a market value of $4.8 billion.
Before the takeover proposal, analysts expected Goodman Fielder shares to slide to 54 cents in the next 12 months, according to data compiled by Bloomberg. Goodman Fielder peaked at A$2.45 in July 2007. The stock closed yesterday at 68 cents in Sydney, valuing the company at A$1.3 billion, higher than the rejected offer.
Wilmar and First Pacific may return with a bid of 70 cents to