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Parmalat tight-lipped on shareholder criticism of LAG acquisition
date:Oct 06, 2012
talian dairy giant Parmalat is remaining tight lipped following reports that its $904m intra-group acquisition of Lacatalis America Group (LAG) was met with criticism from shareholders.

The UK-based Financial Times (FT) reported earlier this week that two minority shareholders wrote to the Parmalat board suggesting that the May 2012 acquisition of LAG showed that management was acting exclusively in the interest of the majority shareholder BSA International.

BSA International has an 83% inter

12/23 01:42