Muller Makes Approach to Robert Wiseman Dairies
In response to the recent rise in its share price, British liquid milk specialist Robert Wiseman Dairies has confirmed that discussions regarding a possible cash offer are taking place with Muller Dairy (UK), a wholly-owned subsidiary of privately owned German dairy group Theo Muller. Robert Wiseman Dairies processes and delivers more than 30% of the fresh milk consumed inBritain, every day. Operating from six major processing dairies in Aberdeen, East Kilbride, Glasgow, Manchester, Droitwich Spa and Bridgwater, the company is listed on the London Stock Market. Muller is the leader in the UK yoghurt market.
Muller must either announce a firm intention to make an offer for Robert Wiseman Dairies or confirm that it will not do so by 10th February 2012. This deadline will not be extended other than with the consent of the Takeover Panel.
