date:Jul 02, 2014
Australasian food company Goodman Fielder Ltd said on Wednesday that it would recommend shareholders accept a reduced takeover offer.
It said it had a deed of implementation that would see Singapore-based Wilmar International Ltd and Hong Kong investor First Pacific Co offer A$0.675 a share, valuing the company at A$1.32 billion ($1.25 billion).
In reaching our conclusion to unanimously recommend that shareholders vote in favor of the scheme, the board concluded that the proposal represented a