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Phantom bidder calls for investigation into proposed Fonterra acquisition
date:Aug 07, 2012
On 6 July 2012, the Commerce Commission received an application from Fonterra seeking clearance to acquire the dairy processing assets of NZDL namely its Studholme plant.

In its clearance application, Fonterra claimed that it did not pursue the acquisition.

In a confidential submission relating toFonterra's application,a rival has claimed to havelodged abetter offer than the rumoured successful bid from Fonterra. Despite its higher offer, the firm's bid was not preferred as it would require

12/21 19:43