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Olam May Look To NZFSU Shareholders

Olam International will look to New Zealand Farming Systems Uruguay shareholders to address the company’s funding shortfall if its takeover bid succeeds.

In a statement the company says it’s confident it can maximise Farming Systems’ earning potential, and it may ask shareholders for support in equity capital raisings.

The Singapore-based company has previously been critical of Farming Systems’ operational targets and unrealistic financial forecasts.

It’s offering 55 cents per share as part of the takeover bid.

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