ITALY: Parmalat turns down Lactalis takeover bid
By: Dean Best | 17 May 2011
Parmalat, the Italian dairy processor, has turned down a bid from largest shareholder and French dairy giant Lactalis to buy the whole of the business.
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Parmalat, the Italian dairy processor, has turned down a bid from largest shareholder and French dairy giant Lactalis to buy the whole of the business.
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