date:Jun 25, 2013
Mengniu Dairy and Yashili have made a joint announcement that Mengniu Dairy issued a tender offer to all shareholders of Yashili and that Chang International Inc., the controlling shareholder, and CA Dairy Holdings, the second largest shareholder, made the irrevocable commitment of acceptance to selling 75.3% stock equity.
This is the largest acquisition in Chinas dairy industry, sending a message that Mengniu Dairy is strengthening expansion. Resources, products, brands, channels and others wo