New Zealand extends sway over Aussie dairy industry with Bellamy’s deal

 In Australia, NewZealand
New Zealand dairy giant Fonterra is in the box seat to control the future of Bellamy’s Organic under an effective "poison pill" arrangement that can be triggered if a shareholder group controls more than 30 per cent of Bellamy’s capital.
The troubled infant formula group outlined details on Wednesday of a new arrangement with Fonterra that allows the New Zealand group to terminate a key supply deal if a shareholder group controls more than 30 per cent of the Launceston company’s capital. Sydney Morning Herald – Read more…

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