Italian pasta giant Barilla has upped its takeover offer for German bakery group Kamps to €12.5 (US$11.1) per share and Kamps management has accepted the bid. Chairman Heiner Kamps, the largest single shareholder in the eponymous group, said today [Tuesday] that he would sell his stake. Having already spoken to institutional investors, Kamps expressed confidence that a majority supported the Barilla bid and were prepared to sell their stakes.