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8 Dec 2019 14:10
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  •   Home > News > Business

    A big payday's coming for farmers in New Zealand's second-biggest dairy co-op

    A big payday's coming for farmers in New Zealand's second-biggest dairy co-op


    The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company for 588-million-dollars.

    West Coast dairy farmer and farming commentator Andy Thompson says 94 percent of shareholders agreed to the offer - of 3 dollars and 41 cents a share.

    He says the deal will go through on August 1 - and it'll be a big payout for Westland's farmers.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     08 Dec: Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island
     07 Dec: Pre-Christmas travel disruption could be on the cards for trans-Tasman Jetstar customers
     07 Dec: Queenstown businesses are lauding an 24-hour alcohol ban this Crate Day
     06 Dec: West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region
     06 Dec: Drivers from one of the largest bus companies in the country are ramping up strike action - by cutting services in Auckland up until Christmas
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: There's doubt about the Government's prediction fuel prices could drop by 18 cents
     Top Stories

    RUGBY RUGBY
    An understrength Black Ferns sevens side have proven they can still win without their stars More...


    BUSINESS BUSINESS
    Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island More...



     Today's News

    Sailing:
    Peter Burling and Blair Tuke are underway in their double points medal race at the 49er sailing World Championships in Auckland 14:07

    Law and Order:
    Man shot dead by police at Tiaro on Queensland's Fraser Coast 14:07

    Hamilton:
    Sam Webster has lost the first race of his men's sprint quarter-final at the UCI Track World Cup in Cambridge 14:07

    Law and Order:
    A police officer says the purpose of CCTV cameras is for public safety not surveillance 13:27

    Rugby League:
    Israel Folau is looking to resurrect his sporting career with a potential return to rugby league - with rumours at least one club is weighing up a potential move 13:07

    Politics:
    The Prime Minister's confirmed Civil Defence minister Peeni Henare will head to the South Island this afternoon to assess the damage 12:27

    Sailing:
    It's been an eventful morning for the Olympic champions at the 49er sailing world championships in Auckland 12:26

    Rugby League:
    At the UK election, the 'Workington man' could decide Boris Johnson's fate. This is how 12:16

    Environment:
    Meet Mark, the 3-tonne inflatable whale teaching people how to help with mass strandings in Tasmania 12:07

    Accident and Emergency:
    One person has died following a crash on Wainui Road, near Whakatane 11:06


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