Robert Wiseman sale to Müller goes unconditional

Müller’s takeover of Robert Wiseman Dairies is progressing as planned, the German yoghurt maker said today, with Wiseman set to be delisted from the London Stock Exchange next month.

The takeover offer had become “unconditional in all respects”, Müller said today, having secured 93.9% of Wiseman’s shares.

“Müller is pleased to announce that each of the conditions to the offer, as set out in the offer document, has been satisfied or waived,” the company said in a statement.

Müller said Wiseman would now apply to the UK Listing Authority to cancel the trading of Wiseman shares on London’s main stock market.

The de-listing could happen as soon as 5 March, with Wiseman re-registering as a private company.

Müller announced its capture of Wiseman announced on 16 January, with the deal valued at £280m.