Israeli food group offers R4.8bn for Clover

After four months of speculation, a consortium called Milco is offering Clover shareholders R25 per share – a 25% premium to Friday’s R20 closing price and valuing Clover at R4.8bn – and, if approved, will delist it from the JSE. The Milco consortium is led by Israel-based Central Bottling Company (CBC), which is offering to buy … Continue reading Israeli food group offers R4.8bn for Clover