UK's Richmond may be US investment firm takeover target.

Ice Cream Reporter, April, 2006

The British press is reporting that the U.S. investment firm Oaktree Capital Management, which last year acquired the ice cream business of the Italian food company Roncadin, has made an offer to acquire the fast-rising UK ice cream company Richmond Foods. Industry analysts note that Oaktree would be able to tie Roncadin operations, which are strong throughout Europe, to Richmond's British operations with a high potential for positive synergistic results.

Although Richmond has declined to make a direct comment about the offer, it did issue the following statement on April 5: "The Board of Richmond notes the recent movement in its share price and press speculation and confirms that it has received an indicative approach that may or may not lead to an offer being...

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