Dairy co-op Fonterra announced on Wednesday it had requested a trading halt on the New Zealand and Australian stock exchanges that would remain in effect until markets open on Friday.
The trading halt comes ahead of an announcement the company is set to make on Thursday morning relating to a "comprehensive consultation process to seek shareholder feedback on potential options to change its capital structure", Fonterra said in a statement.
The halt will come into effect on Wednesday and remain in place until markets open on Friday "to provide Fonterra shareholders and unit holders a full day to review and consider the materials before trading".
"Fonterra remains in a strong financial position and the consultation process will not affect the Co-operative’s ability to operate," the company said.
The trading halt will affect Fonterra shares on the ASX, the NZX Main Board and the Fonterra Shareholders' Market.