Incoming Aryzta board set to oppose takeover next month

US firm Elliot Advisers is likely to drop offer in face of opposition from new members

29th November, 2020
Incoming Aryzta board set to oppose takeover next month
Food giant Aryzta may now not be taken over after all

The prospect of a takeover of the Irish-Swiss food giant Aryzta is receding, with a revamped board of the company likely to oppose the bid for it by Elliot Advisers, the US investment firm.

Sources have said that upcoming changes to the Cuisine de France brand’s board at its annual general meeting in mid-December will result in Elliot’s 80 Swiss franc cent a share (74 euro cents) proposal being rejected.

People familiar with...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Call for government to seek fresh legal advice on ‘unconstitutional’ PUP tax

Tax Peter O'Dwyer 11 hours ago

Showcase Ireland crafts platform to help designers shine online

SMEs Killian Woods 14 hours ago

State’s retrofitting programme output fell by 31% last year

Energy Daniel Murray 15 hours ago