Some shareholders were calling for the meeting they said would provide an opportunity to voice concerns about the $1.20 a share takeover.
Company chairman Keith Turner said such a meeting would be unprecedented and the East Tamaki-based firm had no plans to hold one, The New Zealand Herald reported.
"I know of no situation where a listed company, under a takeover offer, has arranged or organised a shareholders' meeting," Dr Turner said.
Mr Timms said FPA shares were already trading at $1.20, with investors buying probably on the speculation that Haier would have to make a higher bid to take over the company.
"You don't often see a takeover share price trading above the offer unless there is speculation on an alternative bid coming, or from an increased price offer."
While minority shareholders might want to let off steam at a meeting, the company and its directors had to tread carefully, Mr Timms said.
"Realistically, what can they say at the meeting?
"They have to be able to provide information to the market that's reasonable."
If, for instance, the directors said the shares were likely to trade at $2.50 in the future and they fell back to 60c on a failed takeover offer, the directors could be held responsible.
An independent report was due out next week. Some of those reports had been difficult to understand in the past, but Mr Timms hoped the one on FPA would be less complicated. Shareholders would then have guidance to make their own decisions.
Haier Group issued its takeover notice last Wednesday. The offer is open until November 6.
Australian investment company Allan Gray Australia Pty, the largest shareholder after Haier, has agreed to sell its 17.6% to give Haier a 37.6% stake.
Haier New Zealand chairman Liang Haishan said the group believed the $1.20 a share offer was "particularly attractive", given market volatility, recent economic uncertainty and increasing competition in the global white-goods sector, which added risk to achieving market share and earnings growth.
Mr Liang noted that since the potential offer was announced, there had been commentary on the future of FPA under Haier ownership.
"We would like to make it clear that we respect the FPA brand and business. Our proposal is to see the company continue as a strong, New Zealand-based stand-alone company led by local management but within the Haier Group."
The group had previously said Dunedin jobs were not under threat from the takeover.
