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Danone Making “Good Progress”...

Danone Making “Good Progress” in Numico Takeover

01 Aug 2007
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The filing for competition clearance under Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations is at an advanced state of preparation and pre-notification consultation with the European Commission is ongoing

Danone and Numico have said that they are making good progress with the preparations for the recommended public Offer. The intended offer price is € 55.00 in cash per ordinary share. The Supervisory Board and the Executive Board of Numico unanimously support the Offer. No dividends are expected to be declared prior to completion of the Offer.

The filing for competition clearance under Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations is at an advanced state of preparation and pre-notification consultation with the European Commission is ongoing.

Danone currently holds 29.57% of the outstanding ordinary shares in the share capital of Numico, which it has acquired after the initial announcement of the proposed Offer on 9 July 2007. Danone currently expects to make the Offer by making the offer memorandum available in the second half of August 2007.

Source: Nutrition Horizon

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