Mergers & Acquisitions Mergers & Acquisitions

Saputo withdraws Australian Lion Dairy & Drinks acquisition proposal

By Laurel Henning
  • 19 Nov 2020 22:18
  • 19 Nov 2020 22:20

Saputo Dairy Australia has withdrawn its proposed acquisition of Japanese-owned Lion Dairy & Drinks, ending a three-week public informal merger review of the deal by Australia’s competition watchdog.

In an update to its dedicated timeline for the deal, the Australian Competition & Consumer Commission, or ACCC, said today that it had discontinued its

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