|
|
Article: Timbercorp growers hit back over asset sell-off.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 7, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Philip Hopkins
Oct 07, 2009 (The Age - ABIX via COMTEX) -- Timbercorp's almond growers have proposed an alternative to a deal for Olam International to acquire the failed group's almond assets. The deal put forward by liquidator KordaMentha would see Olam pay $A128m for the assets, but growers would receive just $A6m and lose their cropping rights. The growers have proposed an alternative deal worth $A200m, which includes buying land, ...