date:Jan 22, 2014
South African food company Tiger Brands said on Tuesday it had agreed to buy a Kenyan firm, identified by a newspaper as milling and confectionery company Rafiki Mills, in a deal likely worth $25 million.
South Africa's Business Day newspaper earlier reported Tiger Brands, a maker of bread and breakfast cereal, had agreed to acquire Rafiki for $25 million, quoting corporate affairs group executive Alex Mathole.
Mathole confirmed in a statement that an agreement had been signed, but declined to