Cargill considering stand-alone bid for all of Nutreco
SEAFOODNEWS.COM [New York Times] By Chad Bray - December
11, 2014 -
LONDON, SHV Holdings of the Netherlands offered to buy Nutreco in October and sweetened its bid last month after Cargill, the American food and agriculture giant, made a rival approach. Under its revised bid, SHV offered to pay 2.98 billion euros, or about $3.7 billion, in cash.
In its rival bid in November, Cargill expressed interest in acquiring Nutreco and selling the Dutch company’s animal nutrition business to the European private equity firm Permira.
Nutreco rejected that approach, saying saying that breaking up the company was “fundamentally inconsistent with Nutreco’s long-term growth strategy for the business as a whole.”
On Thursday, Cargill said it would continue its pursuit on a stand-alone basis and would consider buying the entire company, rather than breaking it up.
“We believe we would be ...
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