SYDNEY: Malaysian billionaire Robert Kuok’s Wilmar International Ltd has convinced Goodman Fielder Ltd to accept a lower takeover offer, as the Australasian food firm warned of a massive impairment charge due to pressures on its baking unit.
Wilmar and Hong Kong investment firm First Pacific will now pay A$1.32bil (US$1.25bil) or 67.5 cents per share for the struggling maker of Country Life bread and Meadow Lea
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