NL - Candover withdraws EUR 1.5bn Stork bid

Candover has withdrawn its EUR 1.5bn offer for Stork after LME Holdings, a holding company of Icelandic food processing group Marel, declined to tender its shares. LME Holdings has recently raised its shareholding to more than 43% to block the bid, which resulted in Candover extending the acceptance period until 18 September. According to Stork and Candover's joint press release, the discussions will continue and a further announcement will be made no later than the first half of October.