Massimo Zanetti’s Top Investor Launches Bid To Delist Italian Coffee Maker

From: reuters.com

The top investor of Massimo Zanetti Beverage group said on Tuesday it would launch a takeover bid for the Italian coffee maker to delist the group as it wants to pursue a broader overhaul of the company.

Massimo Zanetti Beverage group – owner of the Segafredo, Chock full o’Nuts, Puccino’s and Boncafe brands – debuted on the Milan stock exchange in 2015 in an initial public offering that set a price of 11.60 euros per share.

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