date:Apr 24, 2013
mpletion of the agreement, Orkla will make a mandatory offer to the remaining shareholders in Rieber Sn based on the same purchase price per share that will be paid to the Rieber family.
In August 2012, Norwegian industrial conglomerate Orkla entered into an agreement with the Rieber family to acquire a 90.11% stake in food firm Rieber Soen, in a deal that valued the company at NOK6.1bn ($1.04bn) on a debt-free basis.
The agreement is a part of Orkla's strategy to become a pure play branded