February 26 (SeeNews) - The board of directors of Serbian edible oils producer Dijamant [BEL:DJMN] found the buyout offer by Croatia's Fortenova Group, the successor to collapsed food-to-retail concern Agrokor, priced at 31,975 dinars ($330.3/272 euro) apiece, a fair offer to the company's shareholders, Dijamant said.
The offered price is in line with legal requirements and the board supports the strategic plans of Fortenova, Dijamant said in a bourse filing on Thursday.
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Fortenova Group launched a buyout bid for the 10,498 ordinary shares, representing a 3.85% stake, it does not already control in Dijamant earlier in February.
The offer is valid February 18 - March 10.
The bidder holds 261,987 Dijamant shares, or 96.15% of the company's share capital.
(1 euro = 117.548 dinars)