News
Titan supercharges entry to EU with Bulgaria deal
www.agrimoney.com
[Agrimoney.com] has seen US agribusiness giant Archer Daniels Midland buy three elevators in Slovakia, Japan-based Kubota purchase 79% of Norwegian farm equipment maker Kvernland, and Germany's Theo Muller pay £280m for UK milk supplier Robert Wiseman Dairies.
Unternehmensgruppe Theo Müller Offer for Wiseman unconditional in all respects
online.wsj.com
[Wall Street Journal] - On 16 January 2012, Muller and Wiseman announced that they had reached agreement on the terms of a recommended cash offer to be made by Muller Dairy (UK) Limited ("Muller Dairy (UK)") for the entire issued and to be issued ordinary share capital of
Dairy Crest rebuffs talk of cut to milk payouts
www.agrimoney.com
[Agrimoney.com] - German-based Theo Muller, which is buying Robert Wiseman Dairies, Dairy Crest's biggest rival, cut its milk price to farmers by 0.5p per litre from this month. However, it was "absolutely not the case" that Dairy Crest was planning payout cuts
UK dairy profits soar, lifted by record milk price
www.agrimoney.com
[Agrimoney.com] - And they have come largely at the expense of processors, who face pressure for cut prices from their supermarket customers - leading to the low-margin environment which has encouraged Robert Wiseman Dairies to accept an offer from Germany's Theo Muller
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