INDIA’S UNIBIC-MARICO BISCUIT BID MAY STILL BE ON
May 1st, 2011
BY MINI PANT ZACHARIAH
REPORTS of an end to the much-speculated majority stake acquisition bid by Mumbai-based personal care and edible oils company Marico of Bangalore-based biscuit maker Unibic Biscuits India Pvt Ltd could have been premature.
Contacted by just-food, both companies refused to say the deal was off the table. Indeed, despite Unibic India managing director Nikhil Sen being quoted in India's Economic Times as saying, "The deal with Marico is not happening now", he today simply told just-food: "We do not comment on market ...
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