date:Mar 14, 2012
inental Europe, which would allow it to grow profitability by exploiting synergies.These acquisitions have failed to materialise.
As a mid-cap food group, acquisitions must be synergistic. This has not been the case in continental Europe, the spokesperson emphasised.
Therefore, Dairy Crest suggested, greater value for shareholders might be generated by considering all of the available options for St Hubert.
Analysts at Panmure Gordon have valued St Hubert at between GBP350m (US$550.9m) and GBP40