Suntory makes offer to buy out minority shareholders in Singapore-based food and health supplements company Cerebos Pacific; Suntory currently owns 82% of Cerebos; buyout offer would cost Suntory S$365M
August 1, 2012
(Industry Intelligence Inc.)
– Suntory has made an offer to buy out minority shareholders in Singapore-based food and health supplements company Cerebos Pacific, Reuters reported Aug. 1.
Suntory currently owns 82% of Cerebos. If the buyout offer is accepted, the acquisition would cost Suntory S$365 million (US$293.4 million). The deal values Cerebos at more than S$2 billion.
The primary source of this article is Reuters, London, England, on Aug. 1, 2012.