Brief: Cobas Will Not Tender Shares In Aryzta At Price Of CHF 0.80 As Per Elliott Bid

Aryzta AG

24/11/2020 09:09

Nov 24 (Reuters) - COBAS ASSET MANAGEMENT:
    * HAS NO INTENTION TO TENDER SHARES IN ARYZTA AT PRICE OF
CHF 0.80
ACCORDING TO ELLIOTT BID
    * THROUGHT FUNDS AND OTHER ENTITIES THAT IT MANAGES IS A
SIGNIFICANT SHAREHOLDER OF ARYZTA, HOLDING CLOSE TO 10% OF
SHARES OUTSTANDING
    * EXPECTS THAT ARYZTA CONTINUES WITH MANDATE TO DELEVERAGE
AND
SIMPLIFY COMPANY

Further company coverage:  ARYN.S 

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