Saputo will officially set foot in Europe as of April 15, after its $1.7-billion offer for Dairy Crest Group was accepted by the United Kingdom-based company’s shareholders.
In a vote held on Monday, 96.5 per cent of the Esher-based company’s security holders voted in favour of the Quebec multinational’s offer. The offer would pay 620 pence — for a total of approximately 975 million pounds sterling — for each share.
Saputo will also assume the company’s debt, which is about $398 million.
To read the rest of the story, please go to: Presse Canadienne
