NEW ZEALAND: Frucor holds out for higher bids
By Sarah Diston | 5 November 2001
Frucor shareholders have been asked to put off accepting Danone's NZ$294m offer for the New Zealand-based company in case a higher bid comes forward. Chairman of Frucor's independent sub-committee, Ian Donald told shareholders at its Annual General Meeting on Thursday that while the committee will have ongoing dialogue with Danone, it would also be soliciting interest from other potential bidders.
just-drinks articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Frucor shareholders have been asked to put off accepting Danone's NZ$294m offer for the New Zealand-based company in case a higher bid comes forward. Chairman of Frucor's independent sub-committee, Ian Donald told shareholders at its Annual General Meeting on Thursday that while the committee will have ongoing dialogue with Danone, it would also be soliciting interest from other potential bidders.
- Unlimited access to all the latest global beverage news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-drinks market research
- Plus much more
If you’re already a member, login here
More articles related to this one
US: PepsiCo denies Danone acquisition claim
PepsiCo has denied press reports that it is looking to acquire Groupe Danone.
FRANCE: Danone could cut DS Waters value - report
In a tough market for the home and office delivery segment of the US water market, Danone may have to cut the value of its subsidiary DS Waters, the UK's Financial Times reported today.
FRANCE: Danone exits the beer trade
Groupe Danone is pulling out of the brewing industry.
