Mastellone Turned Down Arcor and Bagley's Offer to Stay with 'La Serenísima'

The Mastellone family and the Dallpoint fund notified the National Securities Commission (CNV) of their rejection of the proposal presented by Danone and Arcor, which through Bagley sought to acquire 51% of the stock package of La Serenísima. The rejection could mean a prolonged pause in the negotiations and opens the door to a possible judicial dispute, which especially complicates the current corporate relationship between Mastellone and Danon…

The company of General Rodríguez notified the National Securities Commission that it will challenge the offer of the foods "because the price per share indicated in the Notice does not agree with the guidelines set out in the Contract." Read more

A few weeks ago in Bichos de Campo we anticipated that the process had begun in which Arcor was preparing to seek to take full control of Mastellone Hermanos, owners of La Serenísima. On April 28, Arcor communicated to the National Securities Commission (CNV) his intention to take full control, which began the negotiation process for the value of the shares of the powerful dairy industry. At the moment Arcor and Danone, in society, control 49% o…

A few days after the month they had to negotiate an agreement, the shareholders of Mastellone Hermanos definitively rejected the offer of purchase of 51% of the shares of the milk that Arcor had made, in conjunction with Bagley Argentina and Bagley Latin America, joint ventures that the Cordoba group shares with the French Danone.