CHILE: Santa Isabel says no wrongdoing in Ahold public offer
Chilean supermarket retailer Santa Isabel last week defended itself against a US lawsuit alleging that board members asked for too low a price during a public bid by Dutch retailing giant Ahold for all Santa Isabel's outstanding shares. Jorge Guerrero, president of the Santiago-based firm, said in a press release that there was no wrongdoing, and that board members had no say in the price of the shares.
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