A PYMNTS Company

Netherlands: Soft drink company rejects bid

By  |  April 12, 2017

Refresco Group NV rejected a takeover bid from French private equity firm PAI Partners SAS that valued the Dutch soft-drink bottler at $1.5 billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Refresco received the offer last week on April 6 and its board decided that the proposed terms didn’t merit further investigation, the company said in a statement on Wednesday in response to a Bloomberg News report. PAI is weighing a bid to take the company private, and other buyout firms may also be interested, people familiar with the matter said.

    No final agreements have been reached, the people said, asking not to be identified because the deliberations are private. Refresco jumped 10 percent at 12:21 p.m. in Amsterdam, its biggest-ever gain. That gave the Rotterdam-based company a market value of 1.35 billion euros. A representative for PAI declined to comment on the firm’s interest in Refresco.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.