Cargill and Permira Advisors have made a joint bid for the Dutch animal feed group, Nutreco, however, the Dutch firm has rejected the bid stating that it would likely mean the breakup of the group, and it had received a €3 billion bid from the Dutch group, SHV. Cargill has since communicated to Nutreco that it remains interested in acquiring Nutreco in its entirety, and is pursing the possibility of making a stand-alone offer. Any further counter offers must be at least 8% higher than the €3 billion offer proffered by SHV according to an agreement forged between SHV and Nutreco. Cargill has requested access to due diligence to set a level of valuation before moving forward.
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