Two days after Lactalis’s buy-out offer, Parmalat’s share price holds above €2.95.
It seems to us that some minority shareholders will try to squeeze more out of Lactalis, as the latter company said it wants to delist the stock. Lactalis is known for being reluctant of making its business public.
Amber Capital (which owns 2.8% shares) said it is waiting for at least €4.00 per share. Pending litigation issues (namely with Citibank challenging the damage awards of $431m) make this price quite c ....
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Minority shareholders will try to squeeze more out of Lactalis
- Published:
29 Dec 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Two days after Lactalis’s buy-out offer, Parmalat’s share price holds above €2.95.
It seems to us that some minority shareholders will try to squeeze more out of Lactalis, as the latter company said it wants to delist the stock. Lactalis is known for being reluctant of making its business public.
Amber Capital (which owns 2.8% shares) said it is waiting for at least €4.00 per share. Pending litigation issues (namely with Citibank challenging the damage awards of $431m) make this price quite c ....