date:May 21, 2014
ption in nearby Asian markets. Food, drink and agricultural businesses in Australia have attracted $26 billion in takeover bids over the past five years, according to data compiled by Bloomberg.
The A$4.70 cash offer doesnt reflect the fundamental value of the business, the company said in its statement announcing the approach today.
Offer Disclosure
Discussions with KKR after an April 16 approach only broke off when Treasury discovered that a shareholder had been informed of the bid, forcing