Nestlé Hellas, the Greek unit of Nestlé, has made a mandatory public offer to holders of common bearer shares in Delta Ice Cream, which are traded on the Athens Stock Exchange.
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On 19 December 2005, Nestlé announced that it had reached an agreement with Delta Holdings to acquire a majority stake in Delta Ice Cream. On 31 May, the world’s largest food company acquired 96.53% of Delta Ice Cream’s shares.
The offer is for all shares not held by Nestlé – namely 731,065 shares, or 3.47% of the company. Nestlé has offered EUR6.63 (US$8.32) per share.
NGB International, UK financial services provider, has been appointed to act as advisor by Nestlé.
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