Units in the Fonterra Shareholders' Fund on the NZX and ASX are in a trading halt as the company considers a capital restructure. However, the trading halt would remain until Friday to give shareholders and unitholders time to consider the materials. Fonterra remained "in a strong financial position and the consultation process will not affect the co-operative's ability to operate," the company said. READ MORE:* Fonterra posts $659m full year profit* Fonterra sells Chinese dairy farms for $552 to reduce debtDairy commentators were reluctant to speculate ahead of the announcement but said they were expecting something big, given the timespan of the trading halt. "It's the length of the trading halt and the fact that the trading halt is going to continue for at least 24 hours after the announcement is made that tells us this is likely to be something pretty significant."

Source: Stuff May 04, 2021 21:56 UTC