Monday 18 August 2014

MIDEAST STOCKS-Kuwait Food Co falls after says no knowledge of Savola takeover talks | Reuters

MIDEAST STOCKS-Kuwait Food Co falls after says no knowledge of Savola takeover talks | Reuters:



"Shares in Kuwait Food Co (Americana) fell on Monday after the company said it had no knowledge of any talks with Saudi Arabia's Savola Group over a possible acquisition of Americana.



Americana was down 1.3 percent at 0733 GMT, resuming trading following a five-day suspension.



The stock rose 2.6 percent to a record high on Aug. 13 after Savola said in a bourse statement that it was in preliminary talks to buy Americana, but was then suspended later that day pending further information from the firm."



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