A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority shareholders.
An Italian court on Friday appointed Angelo Manaresi as special commissioner to oversee Parmalat as part of a probe into its $900 million acquisition of a U.S. dairy unit last year, according to the ruling document seen by Reuters.
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