IHS Chemical Week

People & Business :: M&A

Probi board recommends rejection of Symrise's mandatory takeover offer

10:55 AM MST | February 11, 2014 | Natasha Alperowicz

The board of Probi (Lund, Sweden) has unanimously recommended the rejection of Symrise’s (Holzminden, Germany) mandatory public cash offer to acquire Probi. Symrise, on 10 January, raised its share in Probi, a leading player in the priobiotic R&D, to 30.03%. Symrise, following the increase in shareholding, was obliged to launch a mandatory offer to acquire the rest of Probi, a company listed on the NASDAQ OMX Stockholm exchange, within four weeks.   Symrise announced the mandatory offer on 6 February and said that the acceptance period is expected...

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