(News resource: WEEKLY TIMES, May 26, 2011)
Tensions over the attempted takeover of NSW rice processor SunRice by Spanish food company Ebro Foods have increased. And both sides have been trying to win growers' votes. Most of the argument has centred on whether Ebro's $610 million offer fairly valued SunRice. Claim and counterclaim emerged after top shareholder Julian Menegazzo released a second evaluation of the company. Mr Menegazzo's independent expert DMR Corporate claimed SunRice adviser Lonergan Edwards and Associates had undervalued the company by about $100 million.
