Documentation formalising the merger agreement between Silver Fern Farms and PGG Wrightson has been signed, and it is now up to farmer shareholders whether the deal will proceed.
Silver Fern Farms shareholders will vote in Dunedin on September 8 whether they deal, which would see half their company sold to rural servicing company PGG Wrightson for $220 million in a move designed to create a fully integrated meat supply company, should be accepted.
Support from 75% of rebate shareholders is needed to ratify the deal.
Directors and management have started a round of meetings to answer shareholder questions.
