French group Lactalis has raised the price of a buyout offer on shares in Italy’s Parmalat it does not already own to 3 euros per share after some investors complained that the previous offer was too low.
Lactalis’ investment vehicle Sofil, which had previously offered 2.8 euros for each Parmalat share, said on Thursday its revised offer would be extended until March 21.
Lactalis, which won control of Parmalat in 2011 amid failed efforts in Italy to mount a domestic counter bid, is seeking to buy the 12.26 percent of Parmalat it doesn’t already own with the aim of delisting the group.
By Silvia Aloisi
Source: Reuters
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
