Posts tagged "Agria"

PGG Wrightson shareholders vote to sell

[30 October/Stuff Business] PGG Wrightson’s shareholders have voted 96.9% in favour of selling the Group’s seed division to Danish company, DLF Seeds. The sale will see the company receive around $413 million, of which $292 million will be paid out to shareholders. Company deputy chairman, Trevor Burt, said that the PGW will remain a sustainable...

Overseas Investment Office investigates PGG Wrightson owner Agria’s ‘good character’

[11 January/ NZ Farmer] The OIO has confirmed that it is investigating whether Agria, the 50.22% owner of PGG Wrightson, is off good character given its delisting by the New York Stock Exchange, the company’s public statements that it had received subpoenas from the US Securities and Exchange Commission and allegations made against the company...

Unhappy Agria shareholders threaten class action over delisting

 [20 February/ NZ Herald] The majority owner of PGG Wrightson, Agria Corp, has been delisted from the New York Stock Exchange leading to shareholders in the company to threat class action. Agria, which controls 50.22% of PGG Wrightson’s shares, was subject to a NYSE investigation last year when the exchange announced that a ‘top executive...

Agria to appeal NYSE delisting plan

 [10 November/ NZ Herald] Agria has announced that it would appeal against a decision by the New York Stock Exchange to delist the company’s shares from the exchange. The shares were suspended from trading after the New York Stock Exchange claimed that Agria’s management had attempted to artificially inflate the company’s share price. An Agria...