REPUBLIC OF IRELAND: Kerry, Golden Vale deal to be completed by end of September
Irish food major the Kerry Group has confirmed that its buyout of dairy co-operative Golden Vale should be completed by the end of September this year. Kerry has also set a closing date for deal on 2 August. The cash and shares takeover offer values Golden Vale at around €238.7m, or €1.54 a share, and was agreed on Monday, two weeks after the dairy company rejected Kerry's initial approach.
Irish food major the Kerry Group has confirmed that its buyout of dairy co-operative Golden Vale should be completed by the end of September this year. Kerry has also set a closing date for deal on 2 August.
The cash and shares takeover offer values Golden Vale at around €238.7m, or €1.54 a share, and was agreed on Monday, two weeks after the dairy company rejected Kerry’s initial approach.
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