Lion to buy Picard

 Lion’s offer, which is likely to place an enterprise value of $1.94 billion or more on the business, was designed to head off rivals Bain Capital, and LBO France, who were also working on binding bids for the company, the people added.

BC and Lion declined to comment. The offer comes a week after Lion lost out in the race to acquire Unilever Plc / NV’s Italian frozen-foods unit, Findus Italy.

Assembly elections 2019 | Get the latest news, views and analysis on elections in Haryana and Maharashtra on DeccanHerald.com


For election-related news in Maharashtra, click here

For election-related news in Haryana, click here

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)