Super de Boer is set to receive a second takeover bid for the business, the Dutch retailer said today (5 October).
Go deeper with GlobalData
Sperwer Holding, which had been linked to a joint bid for Super de Boer with fellow Dutch grocer Schuitema, has made an offer of EUR4.50 (US$6.58) a share.
Last month, Super de Boer received a EUR480m bid from another Dutch retailer, privately-owned Jumbo. The two sides remain in exclusive talks, although Jumbo’s period of exclusivity runs out in two weeks.
Schuitema, which runs the C1000 chain in the Netherlands, has told Super de Boer that it will not be making a bid for the business.
Sperwer Holding has told Super de Boer that it has obtained committed financing for its offer, subject to the fulfilment of certain conditions.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe offer is also subject to the cooperation of the board of management and the supervisory board, as well as confirmatory due diligence that has not yet started.
Super de Boer said today that it will assess Sperwer’s offer and an announcement will be made “if circumstances so require”.
