Aryzta AG: rejects Elliott proposal

Zurich / CH. (aag) On December 18 (maybe at midnight to December 19 …) Swiss-Irish Aryzta AG announced that after careful review of the Elliott proposal, including the envisaged refinancing for Aryzta, the Board has decided unanimously to reject the proposal and not enter into a transaction agreement with Elliott. This unaminous decision by the Board has been taken after very careful consideration in line with its fiduciary duties and in the interests of all stakeholders, the company announced.