Posts Tagged ‘Contract default and compensation’

Big falling out between would be partners

March 4, 2009

Several clichés spring to mind after the latest twist in the relationship between Silver Fern Farms (SFF) and PGG Wrightson (PGW), but at the moment “Hell hath no fury like a (partner) scorned” seems the most appropriate. When I spoke to Keith Cooper about the $10 million offer from PGW and its method of presentation – a letter closely followed by the press release last Tuesday afternoon – he used words like ‘antagonistic’ and ‘unusual’, particularly since the parties were in discussion, and said the offer was ‘grossly inadequate and totally unacceptable’. (more…)