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8 Dec 2019 23:47
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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: Up to 70,000 Auckland commuters will likely be affected tomorrow - as thousands of bus trips operated by NZ Bus will again be cancelled
     08 Dec: China's exports unexpectedly fell 1.1 per cent in November from a year earlier
     08 Dec: Parts of the South Island telecommunications network are still down following severe weather
     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
     Top Stories

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


    BUSINESS BUSINESS
    Up to 70,000 Auckland commuters will likely be affected tomorrow - as thousands of bus trips operated by NZ Bus will again be cancelled More...



     Today's News

    Environment:
    MetService has issued severe thunderstorm warnings for parts of New Zealand 21:57

    Business:
    Up to 70,000 Auckland commuters will likely be affected tomorrow - as thousands of bus trips operated by NZ Bus will again be cancelled 21:37

    Sailing:
    World title number five for Peter Burling and Blair Tuke 20:07

    Accident and Emergency:
    A fourth person has died following Friday afternoon's crash on State Highway One in Kaikoura 18:57

    Business:
    China's exports unexpectedly fell 1.1 per cent in November from a year earlier 18:57

    Cricket:
    CRIK:Strikers set Heat 162 to win WBBL final 18:37

    Living & Travel:
    Big dogs can now travel on Auckland trains - but pet owners will be kept on a tight leash 18:07

    Rugby League:
    Auckland Tuatara manager Steve Mintz has achieved his main goal for the week following their 4-2 win over the Canberra Cavalry in the Australian Baseball League 17:47

    Hamilton:
    Both New Zealand riders missed out on the final of the womens keirin at the UCI World Cup in Cambridge 17:27

    Rugby League:
    The NRL is reviving one of its most popular campaigns - with Tina Turner to become the face of the code once again 16:27


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