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Wiseman agrees to Muller takeover Wiseman agrees to Muller takeover
(40 minutes later)
Britain's biggest fresh milk company, Robert Wiseman, has agreed to be taken over by Muller Dairy in a deal worth almost £280m.Britain's biggest fresh milk company, Robert Wiseman, has agreed to be taken over by Muller Dairy in a deal worth almost £280m.
Wiseman confirmed last week it was in talks with Muller after a sharp rise in its share price.Wiseman confirmed last week it was in talks with Muller after a sharp rise in its share price.
The Scottish group operates seven dairies across the UK and counts the The Co-operative Group, Sainsbury's and Tesco among its customers.The Scottish group operates seven dairies across the UK and counts the The Co-operative Group, Sainsbury's and Tesco among its customers.
Muller is headquartered in Germany and makes yoghurts and potted deserts. Muller is based in Germany and makes yoghurts and potted deserts.
Wiseman provides about 30% of the fresh milk consumed in the UK every day.Wiseman provides about 30% of the fresh milk consumed in the UK every day.