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Aryzta Board Divided as Elliott Takeover Talks Drag

irishtimes.com

Baking company has been approached by almost 20 parties interested in business about an hour ago Aryzta owns the Cuisine de France brand in Ireland and supplies internationally to the likes of McDonald’s, Subway and Lidl. The board of Aryzta is at odds over whether to continue to entertain a potential takeover bid from a unit of US activist hedge fund group Elliott Management , or start assessing approaches from almost 20 parties eyeing parts of the baked goods group, according to sources...

Mentions: Management Hedge Fund Takeover Bid