Cargill drops intentions to buy Nutreco
Cargill has decided not to make an offer to acquire Dutch feed company Nutreco, news agency Bloomberg reports.
This means that SHV holdings remains the last man standing with a bid valuing the Dutch animal-feed supplier at €2.99 billion (USD$3.7 billion). That corresponds to €44.50 per share.
Cargill said this month it was considering making a solo bid for Nutreco, the maker of Skretting fish feed. The US agri-giant said it pulled out of the bidding chase after it considered all the relevant facts. In 2011, Cargill purchased Nutreco’s competitor Provimi for €1.5 billion .
An announcement was made on December 20th, that the planned acquisition of Nutreco by Dutch investment firm SHV has been authorised by the European Commission.
Nutreco will hold a shareholders meeting on February 9th, where the offer of SHV will be discussed.
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