French group Lactalis's investment
arm Sofil said Thursday that it was raising the offer price for
its buyout of Italian food and diary company Parmalat to 3.00
euros per share from 2.80 euros.
It also announced that it was extending the period to sign up
for the offer until March 21.
Kepler Chevreux analysts advised shareholders, some of whom
had complained that the previous price was too low, to accept
the new offer.
Lactalis gained control of Parmalat in 2011 and now wants to
buy out the company completely.
Parmalat's share price rose 5.6% in early trading on
Thursday.
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