Friday, February 22, 2019

Canada's Saputo to buy Dairy Crest in near-£1bn deal

British maker of Cathedral City cheddar employs more than 1,100 people in seven locations

The British owners of Cathedral City cheddar and Clover margarine have agreed a near-£1bn takeover from the Canadian dairy company Saputo.

On Friday Dairy Crest recommended shareholders accept an offer from Saputo that values the FTSE 250 company at £975m.

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from Mergers and acquisitions | The Guardian https://ift.tt/2GF8Fps

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