Miles Hurrell: Fonterra Chief Executive confident farmers will support $3.8billion brand sales

Fonterra is confident farmers will vote to sell major brands like Anchor and Mainland.   It's reached a deal to sell its consumer and associated businesses to French dairy giant Lactalis for $3.845billion.  The deal still needs the approval of shareholders.  Fonterra Chief Executive Miles Hurrell told Heather du Plessis-Allan that the offer is above expectation, and there will be a $2 capital return per share.   He says, while the public have a strong emotional connection with the brands - the feedback has been positive.  LISTEN ABOVESee omnystudio.com/listener for privacy information.