Sanford has warned its shareholders are being targetted by a low-ball offer from the company Zero Commission.
The fishing company says it received a request from Zero Commission for a copy of its share register for shareholders holding up to and including 1000 shares, and was obliged to provide it by law.
Zero Commission says it will write to a number of smaller shareholders with an offer to buy their Sanford shares for $4 per share, 34 cents below the market price at close of trading on Monday night.
Sanford says it does not endorse this offer.
