Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Eckhoff Welcomes PPCS's Richmond Offer

Eckhoff Welcomes PPCS's Richmond Offer

Tuesday 15 Jun 2004

Gerry Eckhoff - Press Releases - Rural

ACT New Zealand Rural Affairs Spokesman Gerry Eckhoff today welcomed PPCS's offer of $3.11 per share for the balance of the Richmond meat company, describing its latest move as entirely appropriate.

"I believe it was always incumbent upon PPCS, which will be now 50 percent bigger than any other New Zealand meat company, to exercise a magnanimous gesture towards those minority shareholders of Richmond who have fought a long and difficult - but justifiable - battle to retain control of their company," Mr Eckhoff said.

"It is clearly now in the interest of the New Zealand meat industry to have this protracted matter settled once and for all, so that the wider industry can concentrate on adding value for their shareholders.

"The rationale for North and South Island meat companies merging has always been an extremely sensible commercial reality. The real issue was all about how PPCS went about the process of acquiring control of Richmond.

"For the sake of the New Zealand meat industry, it is time now for the old antagonisms to be set aside.

"I congratulate PPCS chairman Jim Pringle and his Board for ensuring that the minority shareholders of Richmond, who refused to sell, are treated with fairness," Mr Eckhoff said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election