Dalgety break-up speculation rages

12 August 1997

Dalgety break-up speculation rages

AS many as six merchant banks are said to have prepared break-up plans for Dalgety – but the companys directors are adamant in denying that they have been talking to any of them.

Yesterday, there were reports that ING Barings was preparing a £900 million break-up bid. Companies named as possible buyers for Dalgety subsidiaries include Associated British Foods, Heinz, Nestlé and Ralston Purina.

A break-up could realise up to 330p a share – 74.5p higher than the current price.