Both sides keen to milk Glanbia deal

Farming sources and company analysts are divided over the merits of any sale

24th April, 2010

News o f a bumper deal for Glanbia in the form of the sale of its Irish dairy business to the co-op sent shares racing ahead last week. However, investors should not be so quick to see the sale as a done deal.

A 75 per cent majority of coop members need to vote, in person, in favour of the sale at two meetings, and many sources close to the process believe it will be...

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