Kerry makes €33m bid for co-op

THE global food giant, Kerry Group, confirmed yesterday it had made a €33 million offer for Newmarket Co-op Creameries.

Kerry makes €33m bid for co-op
Fri, 13 Aug, 2010 - 01:00
Ray Ryan Agribusiness Correspondent

Kerry said it had offered to acquire the entire issued share capital of the Co Cork co-op for €421 per share.

The deal, if approved, will be worth an average €39,000 to each of the co-op’s 680 shareholders, most of them residing in the Duhallow region of north-west Cork.

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CourtsPlace: DuhallowPlace: North-west CorkPlace: BallydesmondPlace: MeelinPerson: KerryPerson: Patrick McAuliffePerson: Michael CroninOrganisation: Kerry GroupOrganisation: Newmarket Co-op CreameriesOrganisation: Co CorkOrganisation: NewmarketOrganisation: Competition AuthorityOrganisation: Pricewaterhouse Coopers
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