Durex's parent company's proposed acquisition of Mezanson Mengniu's offer to buy all of Hyundai Pastoral has been rejected as a major acquisition hot.

New Year's Eve, contraceptive giant Durex wants to lay out the mother and child industry. It is understood that Durex's parent company, Lijie, is in talks to buy Mezanson for $16.7bn, meaning the original rumoured buyers - milk powder and food giant Nestle and Danon - are out, while on the other side it has emerged that Mengniu is prepared to make an offer to buy Hyundai Pastoral, but the latter's management has rejected it.
In the eyes of the industry, the "two-child economy" background, the contraceptive giant is clearly optimistic about the development of milk powder business in Asia and China, while Cofco-led Mengniu increased its holdings of modern animal husbandry, even if not a "bad thing."
Mengniu wants to make an offer to buy all of Hyundai Pastoral
Mengniu shareholders' meeting recently discussed Mengniu's acquisition of Hyundai Pastoral shares, and agreed to launch an offer to buy, but industry speculation may not be "cashed in" because Mengniu has achieved the purpose of holding, Hyundai Pastoral management refused to do so. Last night Mengniu responded to this newspaper by saying: "We are only in accordance with the provisions of the Hong Kong Stock Exchange to make an offer to buy." On
, Mengniu Dairy's president, Lu Min, said after the shareholders' meeting that Hyundai's management had rejected the offer. Chuan Hyundai Pastoral management said that the rejection of the offer is mainly to show that management will not sell shares, will maintain the company's status quo.
fact, this reporter was informed that Mengniu side does not necessarily sincerely want to buy all the modern pastoral shares. An industry insider told this reporter, Mengniu and modern animal husbandry tied to the more secure, the greater the risk. "Modern pastoralism faces many problems, and the high cost risk of high input models may be passed on to Mengniu, and the threat of an unknown outbreak is not small." It argues that the sharp fall in international milk prices over the past three years has also put considerable pressure on modern pastoralism, in which case Mengniu's full "take-over" of modern pastoralism is not necessarily of much benefit.
contraception giant wants to lay out the mother and child industry
days ago Mei Zanchen replied to Guangzhou Daily: "Confirmed with Li Jie-time company for $90 per share to buy Mei Zanchen issued shares in talks." Mezanson told this newspaper that no agreement has been reached. It is understood that in fact, in recent years, Mei Zanchen's market share in China showed a decline, but despite this, the contraceptive giant is still optimistic about infant milk powder business. The total amount of Li's proposed acquisition of Mezanson is reported to be about $16.7 billion.
reported that lithage's earnings had been hit hard, and that the disinfectants it sold on the South Korean market had caused serious lung injuries and certain diseases to some consumers, so it had to pay a large sum of compensation. "A merger between Li jie and Meizanchen would help Lijie expand the high-margin nutrition market and quickly increase its grip on the Asian market." Some observers believe that.
why are the giants still bullish on the milk powder business? Some industry research pointed out that although the current milk powder market "price war" continues, but baby food is still the fastest growing food category in the Asian market. In the long run, China's "two-child economy" will boost demand for formula. (Journalist Tu Tingyu)