Brace yourselves, page-99

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Fonterra — or perhaps Beingmate — insists that Darnum can pull out of its eight-year supply contract with Bellamy’s with just a year’s warning, if “effective control” passes to any other body, company or group of investors that owns more than 30 per cent of its shares. Bellamy’s insists this clause was not inserted at its request, or to ward off an impending board takeover threat from Tasmanian rebel shareholder, Jan Cameron, and her 35 per cent share-owning group of friends.

Fonterra tried to dismiss the clause as normal. It claimed it was about the company wanting to defend its integrity and not being forced to supply substandard, non-food-safe products from dubious sources to any customer, including Bellamy’s, under new ownership."