Lactalis Buying Portion of Parmalat
The transaction increases Groupe Lactalis SA's existing minority holdings in Parmalat SpA to a 29% stake. Under the terms of the agreement, Groupe Lactalis SA agreed to pay 2.8 euros ($4) cash per share sought in Parmalat SpA. Based in Collecchio, Italy. Parmalat SpA produces milk, dairy, yogurt, cream, fruit juices, desserts, tomato sauces, soups, snacks, bread and other food products.
From the April 4, 2011, Prepared Foods E-dition