Taste and nutrition giant Kerry Group will today complete its public tender offer for Spanish business Biosearch Life. The Edmund Scanlon-headed company taking over Biosearch through its Spanish subsidiary, Kerry Iberia Taste & Nutrition. Subject to all necessary conditions being met, Kerry will compulsorily acquire all the remaining shares of Biosearch which have not been tendered. The compensation paid will be equal to the price of the tender offer, that is €2.20 per share. Kerry, which employs over 1,000 food scientists, says it is aiming to reach over two billion customers with “sustainable nutrition solutions” by 2030.

Source: Irish Independent July 08, 2021 07:07 UTC