GERMANY/SWITZERLAND: Rewe to buy Bon Appetit
German cooperative retailer Rewe has agreed to buy out the majority owners of Swiss food retailer Bon Appetit and make an offer for the remaining stock. Rewe, which has sales of €37.4bn (US$43.8bn) in 2002, has offered CHF60.80 (US$46.4) for each publicly traded Bon Appetit share, which were valued at CHF52.55 at close of trade on Tuesday. The offer values Bon Appetit at around CHF230m.
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