Deals
Aryzta Says Elliott Talks Concluded Without Binding Offer
Paul Singer
Photographer: Misha Friedman/Bloomberg
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Swiss baking company Aryzta AG said discussions with Elliott Management Corp. concluded without a binding offer. The company didn’t provide further details.
“The board of Aryzta will proceed to select the optimum option to bring the company forward sustainably,“ the Aryzta said in a statement on Saturday. The plans will be presented at the 2020 shareholders meeting on a date yet to be announced.