Deals
MSF Sugar Recommends A$313 Million Mitr Phol Takeover Offer
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MSF Sugar Ltd., an Australian producer and processer, recommended that shareholders accept a A$313 million ($315 million) takeover offer from Mitr Phol Sugar Corp., a closely held Thai sugar miller.
The board unanimously recommended the bid, subject to there being no superior proposal, Gordonvale, Queensland-based MSF said in a statement today. Mitr Phol has completed due diligence, according to the statement.