Singapore headquartered palm oil company Wilmar International said it has acquired a 10.1 percent stake in Goodman Fielder Ltd, Australia's largest listed food company, for Aus$124 million (€100.144 million) and added its brands were a good fit.
The news sent Goodman Fielder shares soaring 30 percent as investors bet on a potential takeover offer, but Wilmar said in a statement it was still assessing whether to increase its stake. "We look forward to working with Goodman Fielder and its management team to improve Goodman Fielder's performance over time," said Wilmar Chairman and Chief Executive Kuok Khoon Hong. Read more ...
The news sent Goodman Fielder shares soaring 30 percent as investors bet on a potential takeover offer, but Wilmar said in a statement it was still assessing whether to increase its stake. "We look forward to working with Goodman Fielder and its management team to improve Goodman Fielder's performance over time," said Wilmar Chairman and Chief Executive Kuok Khoon Hong. Read more ...
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