PE's $10B Euro Coffee Deal Hits Tender Offer Snag

Law360, New York (August 23, 2013, 4:51 PM ET) -- Joh. A. Benckiser GmbH had hoped to wrap up its €7.5 billion ($10 billion) acquisition of Dutch coffee and tea company DE Master Blenders 1753 NV this week, but has struggled to get enough shares in a tender offer and may be forced to change tacks.

JAB's €12.50-per-share tender offer for DE Master Blenders was set to expire on Aug. 15, with a closing to follow within a few days. But after receiving just 89.7 percent — short of the 95 percent it needed under European...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required