MINNEAPOLIS, MINNESOTA, U.S. — Cargill announced on Dec. 22 that it will no longer pursue an acquisition of Nutreco, a Dutch producer of animal nutrition, fish feed and processed meat products. In reaching this decision, Cargill said it considered all relevant facts, including the attractiveness of acquiring Nutreco relative to alternative potential investments.
Cargill began pursuit of Nutreco following the late October announcement that SHV, a family-owned Dutch investment firm based in Amsterdam, Netherlands, had made an offer for Nutreco of €40 ($51) in cash per share. In response to Cargill’s interest, SHV increased its offering for all Nutreco shares to €44.50 per share.
Nutreco’s board expressed its unanimous support for SHS’ offer.
Cargill said it remains committed to building further its global animal nutrition platform through both organic investment and acquisitions.