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06.33 - Marc Coucke delists SnowWorld.

Alychlo, the investment company of Marc Coucke, has started the previously announced buyout procedure for the remaining shares. SnowWorld announced this on Tuesday.

  • Alychlo now owns 95.25 percent of the shares and announced on March 15 its intention to start buyout proceedings to acquire the remaining pieces as well.
  • In the proceedings, Alychlo will demand that the Enterprise Chamber of the Amsterdam Court of Appeal set the buyout price at 10.50 euros per share.

06.31 - Competition watchdog thwarts What's Cooking takeover (Ter Beke)

What's, formerly Ter Beke, is threatening not to receive approval from the Belgian Competition Authority (BMA) to take over Sigma's operations in Belgium and the Netherlands. The food company (including lasagnes and charcuterie) announced this last night.

  • The Auditorate advises the Board not to approve the transaction. What's Cooking disagrees with this advice and will submit a written response to the competition authority in the coming days.
  • The Dutch regulator has not yet made a decision.
  • Sigma has five production sites in Belgium under the name Imperial and one in the Netherlands under the name Stegeman. Its best-known brands are Marcassou and Aoste.

06.25 - Wall Street closed lower

Good morning!!! U.S. stock markets closed lower yesterday, after cautious investors processed various corporate results in varying degrees and awaited today's important inflation report:

  • The S&P 500 index fell 0.5 percent to 4,119.17 points.
  • Technology exchange Nasdaq lost 0.6 percent at 12,179.55 points.
  • The Dow Jones index closed 0.2 percent lower at 33,561.81 points.

Reread yesterday's blog .

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