ZURICH (Reuters) – Elliott Capital Advisors’ offer to buy Aryzta has lapsed after the Swiss-Irish baked goods maker rejected its approach, the U.S. financial investor said on Tuesday.
Aryzta on Friday turned down an 800 million Swiss franc ($902 million) offer from Elliott, saying it preferred to go it alone.
($1 = 0.8873 Swiss francs)
Reporting by John Revill; Editing by Michael Shields
source: reuters.com