Muller deal for Robert Wiseman ‘unconditional’
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.
