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...
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