NETHERLANDS: Jumbo confirms Super de Boer due diligence
Dutch retailer Jumbo has secured access to the books of takeover target and local peer Super de Boer.
Jumbo confirmed to just-food today (1 October) that it had started going through due diligence on the business yesterday.
Jumbo has won exclusive talks with Super de Boer's majority owner Casino, the French retail giant, for the next three weeks. However, the company refused to comment further.
Privately-owned Jumbo made a EUR480m (US$699m) offer for Super de Boer two weeks ago.Reports in the Netherlands have claimed a rival approach could emerge from potential suitors Schuitema and Sperwer Group.
Schuitema, which runs the C1000 chain and which was linked to a possible purchasing venture with Super de Boer earlier this year, could not be reached for immediate comment.
Directors authorised to speak to the media at Sperwer Group, which runs the Plus chain in the Netherlands, were not immediately available.
A Super de Boer spokesperson said there was "no new information" to announce.
It is a story that is changing by the day but one thing seems certain - Dutch retailer Super de Boer is set to have a new owner. After struggling for much of the 2000s, the business is ending the deca...
Buying online is a fledgling but growing practice, although shoppers in some markets have taken to the Internet more readily than others. France, for instance, has been slower off the block than the U...
Dutch retailer Schuitema has agreed to sell five stores in order to get regulatory clearance for its bid to buy 79 Super de Boer outlets....
US food regulators had a busy few days this week. They were forced to deal with the latest salmonella scare to hit the industry, while firing off a series of warning letters to manufacturers - includi...
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin