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15 Dec 2019 12:57
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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


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     Top Stories

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    We need dedicated resources around the All Blacks More...


    BUSINESS BUSINESS
    Changes to the Rugby Championship appear increasingly likely if recent discussions are anything to go by More...



     Today's News

    Rugby League:
    Piha Pro organisers have secured a shark attack survivor as their inaugural competitor 12:37

    Accident and Emergency:
    Police say they haven't exhausted all their possibilities in their search for two bodies still missing after the Whakaari White Island eruption 12:27

    Rugby:
    We need dedicated resources around the All Blacks 12:06

    Environment:
    Heavy rain's expected to pelt the West Coast of the South Island today 11:56

    Environment:
    Thousands of dead fish have been seen washing up on an island in Auckland's Hauraki Gulf 11:06

    Law and Order:
    Australian swimmer Shayna Jack has maintained her innocence in the doping case against her, saying a steroid detected in her blood may have come from cross-contamination 10:46

    Accident and Emergency:
    There's been a fatal house fire north of Gisborne 10:26

    Business:
    Changes to the Rugby Championship appear increasingly likely if recent discussions are anything to go by 10:06

    Living & Travel:
    What do you do if your dog has cornered a snake? And how do you treat a pet's snake bite? 9:56

    Rugby:
    Former All Black Nehe Milner-Skudder has delayed joining Toulon 9:26


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