Thursday June 4, 2020

Kerry Group shares hit record high on DuPont takeover talk

Tralee-based company could double in size with acquisition of US group's ingredients division

Ian Guider

Markets Editor

@ianguider
7th November, 2019
Edmond Scanlon, chief executive of Kerry Group. The business said it expects earnings for the year to be up by as much as 9 per cent Picture: Sam Boal/Rollingnews.ie

The company, whose brands include Denny, Dairygold and Cheesestrings, said that performance so far this year was on track and earnings will hit its previous forecast of rising by as much as 9 per cent compared with last year.

The statement made no mention of a potentially transformational deal that could double the size of the Tralee-based company, which is already worth nearly €20 billion. Yesterday analysts were more focused on Kerry’s “next strategic move” than...

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