Cargill needs to come up with serious counteroffer for Nutreco to see the books
American agrofoodconcern Cargill will not be allowed to see the books of Dutch animal feed company Nutreco as it is a competitor, de Financieele Telegraaf reported, citing a letter from CEO Knut Nesse and chairman of the supervisory board Jan Maarten de Jong to Vereniging van Effecten Bezitters (VEB), a Dutch activist shareholders group.
VEB called on Nuterco to open its books on Sunday, as previously reported.
Ness and de Jong state that they have had multiple conversations by phone with Cargill. The company wants to see Nutreco’s books but Nutreco first wants to see an offer on the table that seriously rivals the bid of SHV. That bid stands at EUR 44.50 per share.
De Financieele Telegraaf