A major shareholder has suggested European suitor Malteries Soufflet might need to increase a near $2 billion takeover bid to win control of United Malt.
United Malt confirmed it had received a $5-a-share cash offer from Malteries Soufflet, part of Soufflet Group, and backed by European agricultural investor InVivo and KKR. The deal was first reported in Street Talk.
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Brad Thompson was a reporter at The Australian Financial Review
