Elliott Advisors (UK) has proposed to take over Swiss food company Aryzta for an indicative price of CHF 0.80 per share. According to Elliott Advisors (UK), the financing for the proposed deal is available and that refinancing arrangements for the existing debt of Aryzta are at a very advanced stage. The investment management company, which […]
La Brea Bakery, a North American artisan bread brand, said that it will be bringing in new automation processes to help support the growth of its brand and business expansion. The bakery company, which is owned by ARYZTA, distributes its breads to grocery stores across the US. During the Covid-19 pandemic, La Brea Bakery said […]
Swiss food company Aryzta has been given a binding offer from Tunisian investment group Invest Group Zouari (IGZ) to sell the majority of its stake in Picard, a French frozen food producer. Under the offer, Aryzta has been asked to sell a 43% stake in Picard for €156 million. Combined with prior dividend income of […]