UK: DTI go-ahead for Wiseman bid
By just-drinks.com editorial team | 20 April 2000
The government has cleared the way for Robert Wiseman Dairies' to bid for Unigate's milk and cheese business. Trade and Industry Secretary, Stephen Byers, has decided not to refer the East Kilbride-based company's £225m offer to the Competition Commission. A formal offer from Robert Wiseman is now thought to be imminent. Unigate had agreed to sell its operations to dairy product firm Dairy Crest for £220m. In a statement last month, Unigate said: "Whilst continuing to fulfil its obligations under the merger agreement with Dairy Crest, the board is now also in discussions with Robert Wiseman regarding its offer."
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The government has cleared the way for Robert Wiseman Dairies' to bid for Unigate's milk and cheese business. Trade and Industry Secretary, Stephen Byers, has decided not to refer the East Kilbride-based company's £225m offer to the Competition Commission. A formal offer from Robert Wiseman is now thought to be imminent. Unigate had agreed to sell its operations to dairy product firm Dairy Crest for £220m. In a statement last month, Unigate said: "Whilst continuing to fulfil its obligations under the merger agreement with Dairy Crest, the board is now also in discussions with Robert Wiseman regarding its offer."
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