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Goodman Fielder faces takeover delay

2014-09-08 03:53:25| Food - Topix.net

A planned foreign takeover of Australia's biggest food maker, Goodman Fielder, has hit a hurdle amid delays in obtaining regulatory approval from China. The maker of Meadow Lea and White Wings is subject to a $1.3 billion takeover offer from Singapore-based agribusiness Wilmar International and Hong Kong investment firm First Pacific Company, via a scheme of arrangement.

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