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Shares in Dutch feed company Nutreco surge

By Washington Examiner
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AMSTERDAM (AP) — Shares in Dutch animal and fish feed supplier Nutreco NV have surged after the company announced a management-backed 2.69 billion ($3.43 billion) takeover offer from privately-owned trading company SHV Holdings.

SHV’s 40-euro ($51) per share cash offer for Nutreco represents a 42-percent premium to shares’ closing price Friday. Shares were up 38 percent at 39.02 euros in early trading Monday.

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