Muller deal for Robert Wiseman ‘unconditional’

- Last updated on GMT

Related tags: Robert wiseman dairies, Stock market, Robert wiseman

Müller's £280m takeover of UK dairy processor Robert Wiseman Dairies was declared “unconditional” on Wednesday, as the German dairy operator secured 93.9% of the Scottish firm's shares.

Müller will pay Wiseman shareholders 390p/share and the company could be delisted from the London Stock Exchange by March 7; Müller made its move for Wiseman last month, and a management statement from the latter on January 13 recommended the offer to shareholders.

On the personnel front, Ernest Finch, Norman Murray and Jack Perry stood down on Tuesday as non-executive directors at Wiseman, while Robert Wiseman himself resigned as chairman but remains as a non-executive director. Heiner Kamps is the new non-executive chairman.

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