MGC 0.00% 43.0¢ mg unit trust

Murray Goulburn: Transparency needed over alternative bids for co-operative, page-10

  1. 2,909 Posts.
    A little context for unit holders to understand. As a MG farmer (200 cows)I have 108000 shares to match my milk solids production. Saputos offer of an extra $0.80 is giving me an extra $86000 in the milk cheque and guaranteed to pretty much be highest price for 6 years. Have said it for a while. It was cheapers to get farmers votes on their milk than to pay it over all of the classes of securities. Other offers may have put a lot more into shares and units, but would they put the 1100 voting farmers in a better position? Yes another offer matching saputos plan to buy assets is possible at a higher price. But farmers realise that if it does not eventuate they would be silly not to vote for Saputo.
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