Although the French food and drinks giant#;s NZ$2.35 (US$0.96) per share offer, which closes on Friday, is conditional on gaining 90% of the stock, Danone has not ruled out simply assuming majority control. Further shareholders, principally the arbitrage funds which control about 30% of Frucor, producers of the “V” energy drink, are expected to accept the Danone offer in order to avoid an anticipated decline in its share price should the bid founder.
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