Lactalis launches bid for Parmalat
Wednesday 27 April 2011
French dairy group Lactalis has launched a €3.4bn (£3bn) bid for Parmalat, its Italian rival, to create the biggest dairy group in the world.
Lactalis, which already owns 29 per cent of Parmalat, has offered €2.60 for each share to create a business with estimated combined annual revenues of €14bn. The French group announced its offer hours before a meeting between the French and Italian premiers. Italy passed a decree last month to thwart foreign buys of big Italian companies.
Italy's Prime Minister Silvio Berlusconi said he hoped the offer would result in joint Italian-French ownership of Parmalat, which Lactalis plans to keep listed on the Milan stock exchange.
- 1 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 2 Pub landlord captures moment customer falls over on CCTV – just like Del Boy did on Only Fools and Horses
- 3 Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to join show
- 4 Frankie Boyle on Scottish independence: 'In the Interests of Unity, F**k Off'
- 5 How to gain confidence and maximise your sexual potential
Boston Marathon runner's search for mystery man she kissed ends with letter from his wife
Frankie Boyle on Scottish independence: 'In the Interests of Unity, F**k Off'
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
In defence of liberal democracy
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
Andy McSmith's Sketch: Feisty audience is the real star of an enlightening show
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...