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flag Alliance Group shareholders debate selling 65% to Dawn Meats to avoid insolvency.

flag Alliance Group shareholders in Oamaru and Mosgiel debated a proposed sale of 65% to Irish firm Dawn Meats Group amid deep divisions. flag Chairman Mark Wynne defended the $250 million deal as essential for meeting an $188 million debt deadline, citing failed attempts to secure alternative funding. flag A competing plan by Southland farmers calls for full retention through recapitalization, requiring immediate cash contributions and asset sales, but Wynne labeled it unrealistic. flag An independent report supports the Dawn Meats deal, warning rejection could lead to insolvency. flag The final vote is pending.

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