date:Oct 23, 2013
Swiss-based Barry Callebaut, the world's biggest maker of finished chocolate products for companies such as Nestle SA and Hershey Co, sought a reduction of $98.3 million in the closing price last month, which Petra Foods considered unjustified.
In July, Petra Foods said it expected to receive $860 million from the deal, after it first announced selling its cocoa ingredients business to Barry Callebaut for $950 million last December.
Petra Foods said that Barry Callebaut's proposal to reduce th