Wilmar, First Pacific confirm raising bid for Australia's Goodman Fielder
date:May 16, 2014
, it considers that exploitation of the opportunity could be accelerated via capital and expertise provided by a partner.

Wilmar said earlier that it would not be interested in pursuing the deal if Goodman Fielder sold off its dairy business.

Goodman cut its earnings guidance for 2014 by as much as 15 percent, saying that trading conditions had deteriorated and that planned measures to save on manufacturing and supply chain costs had been delayed.

Wilmar and First Pacific have appointed Bank
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