GERMANY: Kamps under fire for suspected insider trading
The German Stock Exchange watchdog, BAWe, is investigating rumours of insider trading ahead of yesterday's announcement that Italian pasta giant Barilla is bidding for control of German bakery group Kamps. Barilla yesterday said it was offering €12 (US$10.55) per share for Kamps, valuing the group at €993.5m. Kamps' shares rose strongly late last week, marking a 4.4% gain to €10.78 on Friday. The rise prior to yesterday's bid has prompted suspicions, although rumours of a potential bid have been floating around for several months as Barilla and Kamps investigated collaboration opportunities.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- 2017 - what will shape the UK food sector?
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth
- Mondelez sells Vegemite to Bega