Bega Group spent NZ$2.39m pursuing Mainland Group acquisition
Australian dairy company Bega Group spent nearly NZ$2.39 million in a failed attempt to buy parts of Fonterra's Mainland Group.
Bega Group incurred costs of approximately NZ$2.39 million during its unsuccessful bid to acquire portions of Mainland Group from Fonterra Co-operative Group. The Australian-listed dairy company had positioned itself as a disruptive player during Fonterra's process to separate its consumer business.
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The amount Bega Group spent chasing Mainland Group
Bega Group spent nearly A$2 million (NZ$2.39m) on its failed pursuit to purchase parts of Mainland Group from Fonterra Co-operative Group. The Australian-listed dairy company was seen as an agitator during the co-op's process to spin out its former consumer…