Candover stands firm on Stork bid as rival mulls offer

Candover, a UK buyout house, has refused to be drawn into a bidding war for Dutch conglomerate Stork, despite threats of a rival bid from Icelandic food processing company Marel, Stork's largest shareholder.

Candover said it had no intention of increasing its €1.5bn ($2.1bn) bid for Stork, in the face of continuing opposition from some shareholders including Marel, which yesterday stated it is interested in tabling a rival bid.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It