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
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
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Fall in share-related payments to staff at Dropbox’s Irish office
The firm announced it was culling 11 per cent of its workforce in order to weather tough economic conditions
State in bid to stock up on AstraZeneca vaccine ahead of approval
The vaccine is seen as a ‘game-changer’ due to easy storage and high number of doses available
Iconic Labs shareholder seeks ‘urgent review’ of direction at the company
The media firm has a management services agreement with Greencastle Capital, which took control of theJoe.ie and Her.ie publisher late last year
DCC to begin construction of white-water rafting facility in autumn
The cost of the controversial project has spiralled from an initial €12m to €25m, according to contract tenders issued last week