United Malt takeover offer price from Malteries Soufflet sticks despite earlier profit warning
A French-based maker of the key ingredient in beer is looking to expand its presence with the proposed acquisition.
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A French-based maker of the key ingredient in beer is looking to expand its presence with the proposed acquisition.
United Malt shares jump 8.98% this afternoon after announcing Malteries Soufflet signed a deal to buy out the craft beer and distillery producer for $5 per share. The deal still needs sign-off but could be a big move for malt producers worldwide.
Malteries Soufflet, a subsidiary of InVivo, made an offer worth A$1.5 billion (€920 million) for United Malt Group, the companies said.
United Malt Group Ltd granted exclusive due diligence access to Malteries Soufflet, a branch of French agribusiness InVivo, after receiving a A$1.50 billion offer, the Australian commercial... | March 27, 2023
PARIS (Reuters) - Malteries Soufflet, a branch of French agribusiness group InVivo, said on Monday it had signed an agreement to take over Belgian mal...