A supply offer enabling Fonterra farmer shareholders to sell
the economic rights of some of their shares will open today.
They will have the opportunity to offer to sell the economic
rights of up to 25% of their minimum required shares (wet
shares) to the Fonterra Shareholders Fund.
Fonterra is renewing contracts for some of its organic dairy
farmers, less than two years after slashing the number of
supplier farmers throughout the North Island, but the news is
not so good for Northland suppliers.