date:Nov 18, 2013
Sigma has offered 6.80 per share for Campofrio, equivalent to an equity value of 675 million and an enterprise value of 1.12 billion.
Campofrio shares surged 11.38% on the news, climbing from an opening price of 6.15 to 6.85 at 14:00 GMT on Thursday.
Sigma, which registered the offer with Spanish regulator the CMNV yesterday, said it has already inked purchase agreements with shareholders representing 45.8% of Campofrio's outstanding share capital.
Chinese firm Shuanghui International has alr