Lactalis’ investment vehicle Sofil, which had previously offered 2.8 euros for each Parmalat share, said on Thursday its revised offer would be extended until March 21.
Lactalis, which won control of Parmalat in 2011 amid failed efforts in Italy to mount a domestic counter bid, is seeking to buy the 12.26 percent of Parmalat it doesn’t already own with the aim of delisting the group.
Source: Reuters
Link: http://www.reuters.com/article/parmalat-buyout-lactalis-idUSI6N1GC01B?rpc=401&