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The Roc Capital and Wattle Hill vehicle raises its offer to A$21.00 per share for the Australian company amid speculation of a rival bid from listed dairy producer Bega Cheese.
Australia’s largest honey producer recommends Wattle Hill and Roc Capital’s joint bid, which values the company at $137m.
The bank will help Altiparmak Gida, a leading honey producer, expand its range of natural products and develop a new apitherapy line.
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