Murray Goulburn’s unit trust share float offer has opened,
and will run from the 9
th to 24th June. Around 150 million units
are being offered to global and Australian institutions, retail
investors who trade through selected stockbrokers, and anyone
living in 200 rural postcodes where MG operate. The target
date for the unit trust to be listed on the ASX is 3
rd July, at an
indicative prospectus price of between $2.10 and $3.20 per
unit. MG’s 2,600 farmer-shareholders have 320 million shares.