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Phantom bidder calls for investigation into proposed Fonterra acquisition
date:Aug 07, 2012
invest.

Receivers began listening to offers for the company earlier this year after NZDLs parent company Nutritek was declared bankrupt in Russia.

Despite the apparent higher bid, NZDL and the receiver entered into an agreement with Fonterra. All conditions of the agreement have been met, with the exception of obtaining clearance from the Commerce Commission.

The Commerce Commission decision is expected on 31 August.

12/21 21:26