Swiss chocolate company Barry Callebaut said today [Tuesday] that it plans to offer minority shareholders in German chocolate maker Stollwerck €295 (US$284.4) per share to buy them out.
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The buyout offer commences today and will be on the table until 17 October. It is part of Callebaut’s cash and equity acquisition of Stollwerck, announced last April (for more information on the deal, just-food.com members click here).
The deal will create a business with combined 2001 proforma sales of SFr3.33 (US$2.2bn). Callebaut already owns a 96.1% stake in Stollwerck, which it acquired from Imhoff Industrie Holding and the Imhoff foundation for SFr256m last month (more information here ).
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