DJ Barry Callebaut Blames Valuation Gap For Natra Merger Failure

Posted on: Wed, 09 Sep 2009 12:31:00 EDT


Symbols: BYCBF
ZURICH, Sep 09, 2009 (Dow Jones Commodities News via Comtex) --
BYCBF | Quote | Chart | News | PowerRating -- Barry Callebaut AG (BARN.EB) said Wednesday valuation differences were the reason that the Swiss industrial chocolate producer and Spain's Natra SA (NAT.MC) ended their negotiations regarding the possible integration of Barry Callebaut's European consumer chocolate business into Natra.

"The reason is a gap in the valuation of the two companies," Barry Callebaut said in a press statement.

The two companies announced their merger plans in March.

Company Web Site:http://www.barry-callebaut.com

-By Goran Mijuk, Dow Jones Newswires, +41 43 443 80 47; goran.mijuk@dowjones.com

(END) Dow Jones Newswires

09-09-09 1231ET

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