1 - bright $ 250 million acquisition of sugar enterprises in Australia CSR
A $ 1.5 billion takeover offer for Australia's biggest sugar enterprises CSR (CSR) Bright Food offer was rejected. Australia CSR (CSR), issued a statement yesterday said, has received the Bright Food issued a conditional takeover offer, the transaction amount to 1.75 billion Australian dollars (about 10.96 billion yuan). Improved than the previous offer of $ 1.5 billion.CSR said in a statement yesterday, will Bright Food Group to discuss the offer further details. CSR said, overwhelmed by the new proposal is attached a number of conditions, including due diligence and regulatory approval, the transaction's ability to achieve is uncertain.Bright takeover offer for Australia's biggest sugar enterprises plan twists and turns. In early January this year, Bright Food raised $ 1.5 billion cash offer. January 27, refused to buy the CSR to advancing Sugar cause spin-off plan. In early February, the Federal Court of Australia rejected the CSR on the proposed spin-off of its sugar sector.CSR is a hundred years old company, is Australia's largest sugar company. If the transaction is successful, this will be the largest overseas acquisition in the history of China's food industry.
2 - the Guangming 17.5 billion takeover offer for Australia sugar giant
Had previously insisted that the Bright Food Group to give up the acquisition of Australia's largest sugar business CSR takeover bid, said yesterday, the CSR announcement on its official website, has received China's Bright Food (Group) Co., Ltd. (hereinafter referred to as the Bright Food) issued of the conditional acquisition of its sugar and renewable energy business in of Sucrogen the proposal, the transaction amount to 1.75 billion Australian dollars (about 10.96 billion yuan). Previously, the Australian group rejected a proposed $ 1.5 billion acquisition of the assets of the Bright Food in January of this year.CSR said in the statement, plan and light food on the above proposal, overwhelmed by the new proposal has attached some conditions, including due diligence and regulatory approvals, the transaction's ability to achieve is uncertain.Bright Food said that the company believes this acquisition will make Sucrogen the shareholders benefit, as previously specified in the company, the acquisition is to continue to expand the business of Sucrogen. The Sucrogen the headquarters of the company will remain in Australia, and plans to appoint independent directors in Australia.For this to raise its offer, a bright chance of winning? Ge Junjie, vice president of Bright Food Group Company is in a meeting is not convenient to say "refused to respond. Ge Junjie, had previously said the acquisition, if successful will continue to develop Sucrogen sugar departments, the expansion of sugarcane in Australia and when needed additional capital investment.Analysts pointed out that the bright acquisition of CSR aims to further expand its dominance in the sugar industry, if the acquisition is successful, bright by the domestic sugar industry giants into the International Sugar giant, which laid the foundation of the world position of the bright Sugar.
Beijing cuisine - lamb
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