Deals
Cargill Drops Nutreco Offer, Leaving SHV as Lone Bidder
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Cargill Inc. pulled out of the chase to acquire Nutreco NV, leaving the target’s largest shareholder the last man standing with a bid valuing the Dutch animal-feed supplier at 2.99 billion euros ($3.7 billion).
An improved offer from investment company SHV Holdings NV equal to 44.50 euros a share was recommended by Amersfoort, Netherlands-based Nutreco last month, following rejection of an initial 43.20 euro-a-share proposal from Cargill and private-equity firm Permira Advisers LLP.