Today, the NCTionalMP administration has put the bid where it belongs, in the trash can.
The decision covers the applications by Natural Dairy to acquire UBNZ Assets Holdings Limited and a retrospective application to acquire four Crafar farms which UBNZ purchased in February 2010.
"We concur with the Overseas Investment Office's recommendation that consent should be declined," they said in a joint statement.
"We will not be commenting further on our decision."
Now the receivers can get on and sell the properties one by one, as they should have done right from the start.