In a report to creditors, liquidators said it had “a significant level of debt”, employing “a high number of staff for an operation of [its] size and nature”.
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
Australia’s largest legal partnership, HWL Ebsworth, has new leaders who is hoping for “not such as combative relationship with the media”.
The regulator’s intervention pushed shares down eight per cent at the start of trade on Thursday. It has fielded offers from France’s Louis Dreyfus and Olam.
The New Zealand-headquartered co-operative is behind household brands such as Western Star butter and Mainland cheese and has eight local manufacturing sites.