date:Jun 26, 2014
Bright Food Group Co., the Chinese owner of British cereal maker Weetabix Ltd., said it is seeking acquisitions and has the ability to pay as much as 10 billion yuan ($1.60 billion) for a target.
Bright Food is open to buying domestic and overseas companies and it isnt interested in deals that are too small and prefers to work on one acquisition at a time, Chairman Lv Yongjie said in an interview on June 18, without providing further details. The company is also preparing an initial public offe