Danone gets at least 65%

Danone's offer remains conditional on receiving 90% or more of the shares in Frucor to move to full acquisition.

Danone Asia managing director Simon Israel said he was happy with the progress on Danone's offer. "We are past the 60% mark and the momentum for acceptances is building," he said in a statement on Wednesday. He said Frucor's management had tendered its shares for the offer and he was pleased independent directors and management were supporting the offer. Frucor will be delisted if Danone reaches 90%.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

December 24th Morning Report
Spark NZ announces new receivables financing structure
December 22nd Morning Report
TRU - Commercial Opportunities for Western Europe and Middle East
GEN - General Capital Subsidiary Credit Rating Update
Fonterra updates 2025/26 season Farmgate Milk Price
FRW - Acquisition of VT Freight Express
PaySauce Opens $1m Share Purchase Plan
December 17th Morning Report
RUA - Successful rights offer is oversubscribed