Ralston Purina Approves Nestlé Offer

16 January 2001

The board of US pet food giant Ralston Purina has reportedly given the green light to the $10.1 billion offer made by Swiss-based food manufacturer Nestlé [WAMN: 15-Jan-01].

Although final details are still being hammered out, a deal could be confirmed today.

News source: Wall Street Journal