Switzerland's Aryzta in advanced discussions with Elliott about potential tender offer
10/09/2020 17:21
ZURICH, Sept 10 (Reuters) - Swiss frozen baked goods maker
Aryzta AG ARYN.S said on Thursday it is in advanced talks with
private equity firm Elliott Advisors (UK) about a potential
public tender offer for all the outstanding shares of Aryzta.
"There is no certainty that those discussions will result in
any offer being made," Aryzta said in a statement.
Activist shareholders Veraison Capital and Cobas had pushed
for a change in strategy at the Swiss company. urn:newsml:reuters.com:*:nL8N2FF2R8
(Reporting by Silke Koltrowitz; Editing by Susan Fenton)
((silke.koltrowitz@thomsonreuters.com; +41 41 528 3638;))