Business Services Industry
Bidder milks market.(San Miguel Corp. acquires King's Creameries)(Brief Article)
Australasian Business Intelligence, February, 2005 by Easdown, Geoff
Feb 10, 2005 (Herald Sun - ABIX via COMTEX)
Philippines-based San Miguel has announced the acquisition of King's Creameries, one of Asia's leading ice cream groups. San Miguel is also seeking to acquire Australian-listed dairy products giant National Foods. San Miguel is offering $A6 a share for National Foods, trumping the $A5.45 per share offer from New Zealand's Fonterra Co-operative Group. San Miguel has indicated that it intends to use milk supplied by Victorian dairy farmers in many of its food businesses in the Asia-Pacific region.
Publication Date: 11 February 2005
SAN MIGUEL CORPORATION:
NATIONAL FOODS LIMITED - ASX NFD:
KING'S CREAMERIES (S) PTE LTD
By Geoff Easdown
All copyright subsisting under the...
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