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Wilmar, First Pacific's acquisition of Goodman Fielder delayed

Shares of the three entities fall on news of the three-month extension
Tuesday, September 9, 2014 - 06:00

Massive recapitalisation needed: Goodman Fielder is A$549m in debt, and has some A$350m in capital expenditure planned in the next 2 years - PHOTO: BLOOMBERG

SHARES of Wilmar International, First Pacific and Goodman Fielder fell on Monday after the three said they were pushing back the date by which Wilmar and First Pacific's acquisition of Goodman Fielder will be implemented. Wilmar International fell three Singapore cents, or almost one per cent,

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