date:May 16, 2014
Wilmar International and First Pacific Co have sweetened a deal to take over Goodman Fielder Ltd, after the Australian food firm rejected the initial bid as too low last month.
Wilmar and First Pacific raised their bid from A$0.65 to A$0.70 per share, lifting the size of the deal from A$1.3 billion ($1.22 billion) to A$1.37 billion, a Wilmar statement said, confirming an earlier media report.
The Company (Wilmar) and First Pacific will not increase the price further in the absence of a competi