Goodman Fielder Limited (ASX:GFF) is in a trading halt pending details of a potential takeover bid.
The food and beverage manufacturer rejected a $1.27 billion takeover proposal, in late April, from Singapore’s Wilmar.
The company is expected to make an official announcement soon and speculation is building that, Wilmar, and Hong Kong investment firm, First Pacific, will make an increased offer.
Goodman Fielder reported a net loss of $61 million in the first half of the 2014 financial year.
