Wiseman Dairies in takeover talks
Wiseman, which operates seven dairies across the UK and counts the the Co-operative Group, Sainsbury’s and Tesco among its customers, saw its share price rise nearly a third today amid takeover speculation.
The Glasgow-based company confirmed it was in talks for a cash offer with Müller Dairy UK, which is owned by the German-based parent group Theo Müller, but it said there was no certainty of a bid.
Wiseman’s share price has fallen dramatically in the past two years as it has struggled to pass on higher feed and fuel prices to supermarket customers.