Deals
Nutreco Center of Bidding War as Cargill Come-Back Seen
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Nutreco NV, the Dutch maker of fish feed and animal-nutrition products, attracted a sweetened 2.99 billion euros ($3.7 billion) takeover bid from SHV Holdings NV as the local investment company fends off rival interest from Cargill Inc. and Permira Advisers LLP.
The maker of salmon feed is recommending the improved SHV offer equal to 44.50 euros a share after holding talks with the family-owned investment vehicle over the weekend, Chief Executive Officer Knut Nesse said on a call. Nutreco, based in Amersfoort, earlier rejected a preliminary approach of at least 43.20 euro-a-share from Cargill and Permira.