G. Willi-Food International has launched a tender offer to purchase the remaining shares it does not already hold in kosher dairy firm Gold Frost.
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The company has offered 5 pence per Gold Frost share or per depositary interest.
The tender offer is subject to the condition that the number of shares and depositary interests duly tendered together with the shares held by G. Willi Food constitute more than 95% of outstanding share capital.
G. Willi Food currently holds approximately 89.99% of the issued and outstanding share capital of Gold Frost.
If the tender offer is completed, G. Willi Food expects to pay an aggregate amount of around GBP264,593 (US$387,617) for all the shares and depositary interests.
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