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Deoleo shares jump amid intensifying olive oil takeover battle
Shares of Spain’s Deoleo rose nearly 16% Wednesday as rivals move closer in a contest for control of the world’s largest olive oil bottler and marketer.
CNBC Markets reports that shares of Spain’s Deoleo jumped nearly 16% on Wednesday morning as the takeover battle for the world’s largest olive oil bottler and marketer intensified.
The rally comes as multiple rivals circle the company, signaling increasing competition for stakes in Deoleo.
CNBC World reiterated the same market move, with the stock pop tied to the escalating deal contest.
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