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via cnbc.comBusiness & Companies

Deoleo plummets 19% after two rivals agree to takeover deal

FROM THE WIRE · CNBC.COM

The world's largest olive oil company, Deoleo, plummeted in early trading after two of its rivals announced plans to acquire the firm.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA takeover bid for the world's largest olive oil firm moves the stock, with limited effects on the food sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Deoleo plunged 19% in early trading.
  2. 02Two of its rivals announced plans to acquire the firm.
  3. 03Deoleo is described as the world's largest olive oil company.

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