ADM to focus on its core business

STORE group ADM Londis said it wants to put takeover speculation behind and concentrate on its core business.

Having knocked back a €35 million offer from wholesalers BWG Group, ADM told its shareholders yesterday that the offer was not in the financial or strategic interests of the group.

The company told shareholder at yesterday's annual general meeting in Enfield, Co Meath, that it was now going to focus on its own development.