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
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.