Danone to sell its 20% stake in Bright Dairy

Article Abstract:

France's Danone Group is selling its 20% stake in China's Bright Dairy and Food Co. for $126.8 mil. In addition, Danone will also pay a compensatory fee to Bright Dairy for terminating a contract that permitted Bright Dairy to use Danone's name in China.

China, Contracts & orders received, Securities issued, listed, Contracts & orders let, France, Company acquisition/merger, Contracts, Securities, Contract agreement, DANONE Group, Company securities, DA, Food and beverage production/distribution software

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Unigate faces tough choices as Terranova rallies on its bid

Article Abstract:

Unigate PLC has made a 125 pence ($203) per share offer to acquire Terranova Foods PLC. Stockholders in Unigate will be displeased if the company is forced to make a higher bid for Terranova. However, the shareholders will be even more displeased if the proposed deal collapses. In 1998, Unigate made an unsuccessful attempt to acquire Hillsdown Holdings PLC. Terranova is a small-cap food manufacturer.

Comment:

Unigate makes 125 pence ($203) per share offer to acquire Terranova Foods

United Kingdom, Asset sales & divestitures, Food & Kindred Products, Food Manufacturing, Dairy Product Manufacturing, Dairy products, Abstract, Unigate PLC, Terranova Foods PLC

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