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:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance