Elliott makes USD 872m bid for Aryzta - report
20 NOV 2020
Elliott Management Corp., the New York-based investment management company, has made a USD 872m bid for Aryzta AG [SIX:ARYN], the Zurich-based baking company, a newswire reported quoting people in the know.
Elliott has reportedly offered to pay CHF 0.8 (USD 0.88) for each share of Aryzta, according to Bloomberg.
The New York-based company has already finished due diligence of Aryzta and arranged funds to proceed with the acquisition, the report noted quoting people.
The Board of Directors of Aryzta is still undecided on the potential deal, Bloomberg reported.
Earlier, the Swiss bread maker sought the services of Houlihan Lokey Inc. and Alantra Partners SA to assist on potential divestitures, the report noted.
Aryzta and Elliott were unavailable for comment, according to Bloomberg.
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original source. Lamentablemente creo que está todo el pescado vendido, veremos la semana que viene....