date:Jun 25, 2013
e to Yashili to make it better.
The two largest shareholders of Yashili accepted the tender offer from Mengniu Dairy because Mengniu Dairy was the market leader and COFCO Corporation offered a strategic platform which was significant to its growth.
This tender offer is Mengniu Dairys fourth big move in market integration this year. It also has strategic cooperation with Arla Foods and Danone, covering the upstream, quality control and technology management.