Cargill has decided not to make an offer to acquire Dutch feed company Nutreco, news agency Bloomberg reports.
This means that SHV holdings remains the last man standing with a bid valuing the Dutch animal-feed supplier at €2.99 billion (USD$3.7 billion). That corresponds to €44.50 per share.
Cargill said this month it was considering making a solo bid for Nutreco, the maker of Skretting fish feed. The US agri-giant said it pulled out of the bidding chase after it considered all the relevant facts. In 2011, Cargill purchased Nutreco’s competitor Provimi for €1.5 billion .
An announcement was made on December 20th, that the planned acquisition of Nutreco by Dutch investment firm SHV has been authorised by the European Commission.
Nutreco will hold a shareholders meeting on February 9th, where the offer of SHV will be discussed.