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 Aryzta plans to hold the Extraordinary General Meeting on September 16, demanded by a group of investors, and to consider takeover offer 

 

The baked goods manufacturer plans to use the time until then to review the strategy and takeover offers. Opposition shareholders had called for the "immediate" convening of a general meeting. The timing should primarily enable the strategic review to be advanced so that the Board of Directors can make an appropriate recommendation, the baked goods manufacturer stated in a message on Monday. As part of the process, certain third parties had expressed their interest in acquiring Aryzta . It should also avoid further instabilities after the company has already been hit economically by the corona crisis.

In addition, Aryzta said that some of the demands of the group of investors were being met: the board members Dan Flinter and Rolf Watter are stepping down from the AGM. Chairman of the Board of Directors Gary McGann has also signaled that he will step down - unless the company announces a transaction before the AGM, which the Board of Directors sees in Aryzta's best interest.

 https://www.cash.ch/news/top-news/backwarenhersteller-aryzta-prueft-uebernahmeangebote-1585104