It's believed that around 2,000 signatures would be needed to trigger a special general meeting of Kerry Co-op.
A group of shareholders are distributing letters seeking to collect signatures for a meeting at which a motion preventing the board from divesting or spending assets without shareholder approval could be tabled.
The move follows the announcement that talks between Kerry Group and Kerry Co-op on a potential joint venture deal for the plc's dairy business were suspended.
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News correspondent with the Irish Farmers Journal, Pat O'Toole, says holding a meeting of that scale would be hard during the pandemic:
