Concluding a deal to merge IAWS with Swiss par baked good group Hiestand would be chief executive Owen Killian’s biggest achievement since he took over from Philip Lynch almost five years ago.
The merged entity would be worth approximately €2.5 billion. IAWS was valued at €2 billion based on last week’s closing share price of €16.18, but this includes its existing 32 per cent stake in the Swiss company, which is worth almost...
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