Parmalat Emerges As Possible Takeover Target

Rumours of a possible takeover bid for Italian dairy group Parmalat have emerged following the firm's failed bid for Australian firm Dairy Farmers. The failed bid has left Parmalat with substantial cash reserves, but the business has recently been struggling to contend with rising costs and the increased price sensitivity among consumers. It is believed that the most likely bidder would be a private equity firm or a bank. However, one of Europe's dairy giants could also show an interest given Parmalat's strong brand and global

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