Finnish food group Raisio, who owns the Benecol brand, has made a EUR 22.8m (US$ 31.4m) bid to acquire UK snack manufacturer Glisten. The offer values Glisten at EUR1.61 a share, which equates to around 62% more than the UK firm's share price when the market closed yesterday on 9 February. A meeting of Glisten shareholders to vote on the bid will be held on 12 March.
Glisten CEO Paul Simmonds said merging with Raisio will be "the right path for the business to take now.The fit in terms of am...
Continue reading ...
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
