Investor tensions evident in Fonterra
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"Fonterra directors' failure to use the dairy giant's stellar first half earnings to increase the full-year dividend guidance has confirmed predicted tension between farmer and external-investor interests in the new capital structure."
"Critics of the hybrid capital structure predicted a tug of war over earnings between external investors wanting a strong dividend and farmers needing the highest possible milk price to secure their livelihoods" ... READ MORE
Released by Fairfax Stuff - 29 March 2013