Muller’s Recommended Cash Offer For Wiseman Declared Unconditional
Having purchased or received valid acceptances for 93.9% of the ordinary share capital of Robert Wiseman Dairies, the UK liquid milk processor, German dairy group Muller has declared its recommended cash offer unconditional. Wiseman has now applied for the cancellation of its listing on the London Stock Exchange, a process which should be completed by early March. Wiseman will then be re-registered as a private company.
Muller’s UK subsidiary, Muller Dairy (UK), made its £279.5 million recommended cash offer for Robert Wiseman Dairies on January 16th 2012. Operating from six major processing dairies in Aberdeen, East Kilbride, Glasgow, Manchester, Droitwich Spa and Bridgwater, Robert Wiseman Dairies processes and delivers more than 30% of the fresh milk consumed in Britain, every day. Muller Dairy (UK) is the overall market leader in chilled yoghurts and potted desserts in the UK.
