U.S. agribusiness company Cargill announced it’s no longer pursuing an acquisition of Nutreco, a Dutch producer of animal nutrition and fish feed.
The company said in reaching this decision that it considered all relevant facts, including the acquisition of Nutreco in relation to alternative potential investments.
Meanwhile, Dutch investor SHV Holdings on Tuesday announced that it had acquired 15 percent of Nutreco shares at an average price of EUR 44.20 (USD 53.88) per share.
In November, SHV increased its offer on Nutreco to compete with Cargill. The offer was to buy out Nutreco for EUR 44.50 (USD 55.39) per share. SHV made an initial offer of EUR 40 (USD 49.79) back in October. The investor followed up with a new bid after Nutreco received an unsolicited offer from Cargill on 8 November.
