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<description>Aryzta AG</description>
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<item><title>IAWS Group PLC acquires a minority stake in Hiestand Schweiz AG (pending)</title><description>SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to raise its interest to ##% from ##%, by acquiring a ##% stake or #.### mil ordinary shares, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler of bakery products, from Lion Capital LLP, for ###.### mil Swiss francs (###.### mil euros/$###.### mil US), in a privately negotiated transaction. The consideration was to consist of ##.### mil francs (## mil euros/$##.### mil) in cash and the issuance of ##.# mil IA new ordinary shares valued at ###.### mil francs (###.### mil euros/$###.### mil). The shares were valued based on IA's closing stock price of ##.#### francs (##.## euros/$##.###) June #, the last full trading day prior to the announcement. Concurrently, IA agreed to acquire the remaining ##% interest or #.### mil ordinary shares, which it did not already own, in HD. The transaction was subject to regulatory and shareholders' approvals.</description><pubDate>6/10/2008 2:27:10 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">44920Y</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">42953T</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">44920A</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">42953T</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">IAWS Group PLC</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Hiestand Schweiz AG</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Irish Agricultural Wholesale Society Ltd{IAWS Ltd}</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Hiestand Schweiz AG</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/IAWS_Group_PLC_acquires_a_minority_stake_in_Hiestand_Schweiz_AG-1984901040</link><guid isPermaLink="false">sdc/1984901040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1984901040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>Irish Stk</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Food and Kindred Products</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Ireland-Rep</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Bread and other bakery products, except cookies</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>2051</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>IAW.IR</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">2051:Bread and other bakery products, except cookies</sdc:value><sdc:value sdc:p="1">2053:Frozen bakery products, except bread</sdc:value><sdc:value sdc:p="2">5142:Packaged frozen foods</sdc:value><sdc:value sdc:p="3">5149:Groceries and related products, nec</sdc:value><sdc:value sdc:p="4">5199:Nondurable goods, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>5191:Farm supplies</sdc:value></sdc:aupsic_SIC><sdc:b_EXCHANGE><sdc:value>Zurich</sdc:value></sdc:b_EXCHANGE><sdc:b_MAINDUSTRY><sdc:value>Food and Kindred Products</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Switzerland</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Bread and other bakery products, except cookies</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>2051</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Public</sdc:value></sdc:b_STATUS><sdc:b_TICKER><sdc:value>HIEHOL</sdc:value></sdc:b_TICKER><sdc:c_ACIDGEN><sdc:value>179061001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Whl fertilizer prod</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Prod,whl bakery prod</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Newly Issued Ord Sh</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Ordinary Share</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>445544001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jun 10 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>511.37800</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>13.15500</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>85.38400</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>85.38400</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>68.34000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>61.28400</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>55.39200</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>43.26200</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>271.42700</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.51300</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.62100</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>49.03200</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>75.08800</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>39.86100</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>51.45800</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>655.60400</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>43.09700</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>580.24500</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ACURR_CODE><sdc:value>EUR</sdc:value></sdc:fiscal_ACURR_CODE><sdc:fiscal_ADATEFIN><sdc:value>31 Jul 07</sdc:value></sdc:fiscal_ADATEFIN><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>168.18700</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>2608.53200</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>2653.55700</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_CURRENCYLONG><sdc:value>EURO</sdc:value></sdc:fiscal_CURRENCYLONG><sdc:fiscal_DATEFIN><sdc:value>31 Dec 07</sdc:value></sdc:fiscal_DATEFIN><sdc:fiscal_FISCAL><sdc:value>31 Dec 07</sdc:value></sdc:fiscal_FISCAL><sdc:fiscal_FISCAL1><sdc:value>31 Dec 06</sdc:value></sdc:fiscal_FISCAL1><sdc:fiscal_FISCAL2><sdc:value>31 Dec 05</sdc:value></sdc:fiscal_FISCAL2><sdc:fiscal_FISCAL3><sdc:value>31 Dec 04</sdc:value></sdc:fiscal_FISCAL3><sdc:fiscal_FISCAL4><sdc:value>31 Dec 03</sdc:value></sdc:fiscal_FISCAL4><sdc:fiscal_RATE><sdc:value>0.88300</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">IAWS Group PLC, located in</sdc:value><sdc:value sdc:p="1">Dublin, Ireland, produces and</sdc:value><sdc:value sdc:p="2">wholesales bakery and</sdc:value><sdc:value sdc:p="3">convenience food products. It</sdc:value><sdc:value sdc:p="4">has lifestyle food operations</sdc:value><sdc:value sdc:p="5">in Ireland, the UK, France,</sdc:value><sdc:value sdc:p="6">the USA and Canada. The</sdc:value><sdc:value sdc:p="7">company was founded in 1988.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">IAWS Group PLC, located in Dublin, Ireland, produces and</sdc:value><sdc:value sdc:p="1">wholesales bakery and convenience food products. It has</sdc:value><sdc:value sdc:p="2">lifestyle food operations in Ireland, the UK, France, the</sdc:value><sdc:value sdc:p="3">USA and Canada. The company was founded in 1988.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>IAWS Group PLC, located in Dublin, Ireland, produces and wholesales bakery and convenience food products. It has lifestyle food operations in Ireland, the UK, France, the USA and Canada. The company was founded in 1988.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Hiestand Schweiz AG,</sdc:value><sdc:value sdc:p="1">headquartered in</sdc:value><sdc:value sdc:p="2">Schlieren-Zurich, Switzerland,</sdc:value><sdc:value sdc:p="3">produces and wholesales bakery</sdc:value><sdc:value sdc:p="4">products. The company's</sdc:value><sdc:value sdc:p="5">products include bread,</sdc:value><sdc:value sdc:p="6">baguettes, toast and</sdc:value><sdc:value sdc:p="7">sandwiches. It has operations</sdc:value><sdc:value sdc:p="8">in Germany, Eastern Europe,</sdc:value><sdc:value sdc:p="9">Asia and Australia. The</sdc:value><sdc:value sdc:p="10">company was founded in 1967.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Hiestand Schweiz AG, headquartered in Schlieren-Zurich,</sdc:value><sdc:value sdc:p="1">Switzerland, produces and wholesales bakery products. The</sdc:value><sdc:value sdc:p="2">company's products include bread, baguettes, toast and</sdc:value><sdc:value sdc:p="3">sandwiches. It has operations in Germany, Eastern Europe,</sdc:value><sdc:value sdc:p="4">Asia and Australia. The company was founded in 1967.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Hiestand Schweiz AG, headquartered in Schlieren-Zurich, Switzerland, produces and wholesales bakery products. The company's products include bread, baguettes, toast and sandwiches. It has operations in Germany, Eastern Europe, Asia and Australia. 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Franc</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>378.30300</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>554.13000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>378.303 Swiss Franc</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.98300</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>188.83100</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>372.01600</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>372.01600</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>32.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>32.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>12.23100</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>21.29900</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>3.69600</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>26.19900</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>1.59300</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>9.37300</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>26.19900</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>1.59300</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>18.03600</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>18.52700</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.28500</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>19.63300</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>24.52500</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>125.38200</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>282.58800</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>16.72500</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>16.80600</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>19.92800</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>25.39100</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value><sdc:value sdc:p="20">21.00000</sdc:value><sdc:value sdc:p="21">22.00000</sdc:value><sdc:value sdc:p="22">23.00000</sdc:value><sdc:value sdc:p="23">24.00000</sdc:value><sdc:value sdc:p="24">25.00000</sdc:value><sdc:value sdc:p="25">26.00000</sdc:value><sdc:value sdc:p="26">27.00000</sdc:value><sdc:value sdc:p="27">28.00000</sdc:value><sdc:value sdc:p="28">29.00000</sdc:value><sdc:value sdc:p="29">30.00000</sdc:value><sdc:value sdc:p="30">31.00000</sdc:value><sdc:value sdc:p="31">32.00000</sdc:value><sdc:value sdc:p="32">33.00000</sdc:value><sdc:value sdc:p="33">34.00000</sdc:value><sdc:value sdc:p="34">35.00000</sdc:value><sdc:value sdc:p="35">36.00000</sdc:value><sdc:value sdc:p="36">37.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC</sdc:value><sdc:value sdc:p="1">of Ireland (IA), a unit of</sdc:value><sdc:value sdc:p="2">Irish Agricultural Wholesale</sdc:value><sdc:value sdc:p="3">Society Ltd agreed to raise</sdc:value><sdc:value sdc:p="4">its interest to 64% from 32%,</sdc:value><sdc:value sdc:p="5">by acquiring a 32% stake or</sdc:value><sdc:value sdc:p="6">0.170 mil ordinary shares, in</sdc:value><sdc:value sdc:p="7">Hiestand Schweiz AG (HD), a</sdc:value><sdc:value sdc:p="8">Schlieren-Zurich-based</sdc:value><sdc:value sdc:p="9">producer and wholesaler of</sdc:value><sdc:value sdc:p="10">bakery products, from Lion</sdc:value><sdc:value sdc:p="11">Capital LLP, for 378.303 mil</sdc:value><sdc:value sdc:p="12">Swiss francs (235.486 mil</sdc:value><sdc:value sdc:p="13">euros/$372.016 mil US), in a</sdc:value><sdc:value sdc:p="14">privately negotiated</sdc:value><sdc:value sdc:p="15">transaction. The consideration</sdc:value><sdc:value sdc:p="16">was to consist of 48.194 mil</sdc:value><sdc:value sdc:p="17">francs (30 mil euros/$47.393</sdc:value><sdc:value sdc:p="18">mil) in cash and the issuance</sdc:value><sdc:value sdc:p="19">of 12.7 mil IA new ordinary</sdc:value><sdc:value sdc:p="20">shares valued at 330.109 mil</sdc:value><sdc:value sdc:p="21">francs (205.486 mil</sdc:value><sdc:value sdc:p="22">euros/$324.623 mil). The</sdc:value><sdc:value sdc:p="23">shares were valued based on</sdc:value><sdc:value sdc:p="24">IA's closing stock price of</sdc:value><sdc:value sdc:p="25">25.9928 francs (16.18</sdc:value><sdc:value sdc:p="26">euros/$25.561) June 6, the</sdc:value><sdc:value sdc:p="27">last full trading day prior to</sdc:value><sdc:value sdc:p="28">the announcement.</sdc:value><sdc:value sdc:p="29">Concurrently, IA agreed to</sdc:value><sdc:value sdc:p="30">acquire the remaining 36%</sdc:value><sdc:value sdc:p="31">interest or 0.192 mil ordinary</sdc:value><sdc:value sdc:p="32">shares, which it did not</sdc:value><sdc:value sdc:p="33">already own, in HD. The</sdc:value><sdc:value sdc:p="34">transaction was subject to</sdc:value><sdc:value sdc:p="35">regulatory and shareholders'</sdc:value><sdc:value sdc:p="36">approvals.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to raise its interest to 64% from 32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler of bakery products, from Lion Capital LLP, for 378.303 mil Swiss francs (235.486 mil euros/$372.016 mil US), in a privately negotiated transaction. The consideration was to consist of 48.194 mil francs (30 mil euros/$47.393 mil) in cash and the issuance of 12.7 mil IA new ordinary shares valued at 330.109 mil francs (205.486 mil euros/$324.623 mil). The shares were valued based on IA's closing stock price of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading day prior to the announcement. Concurrently, IA agreed to acquire the remaining 36% interest or 0.192 mil ordinary shares, which it did not already own, in HD. The transaction was subject to regulatory and shareholders' approvals.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale</sdc:value><sdc:value sdc:p="1">Society Ltd agreed to raise its interest to 64% from 32%, by acquiring a 32% stake or</sdc:value><sdc:value sdc:p="2">0.170 mil ordinary shares, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer</sdc:value><sdc:value sdc:p="3">and wholesaler of bakery products, from Lion Capital LLP, for 378.303 mil Swiss francs</sdc:value><sdc:value sdc:p="4">(235.486 mil euros/$372.016 mil US), in a privately negotiated transaction. The</sdc:value><sdc:value sdc:p="5">consideration was to consist of 48.194 mil francs (30 mil euros/$47.393 mil) in cash and</sdc:value><sdc:value sdc:p="6">the issuance of 12.7 mil IA new ordinary shares valued at 330.109 mil francs (205.486 mil</sdc:value><sdc:value sdc:p="7">euros/$324.623 mil). The shares were valued based on IA's closing stock price of 25.9928</sdc:value><sdc:value sdc:p="8">francs (16.18 euros/$25.561) June 6, the last full trading day prior to the announcement.</sdc:value><sdc:value sdc:p="9">Concurrently, IA agreed to acquire the remaining 36% interest or 0.192 mil ordinary</sdc:value><sdc:value sdc:p="10">shares, which it did not already own, in HD. The transaction was subject to regulatory and</sdc:value><sdc:value sdc:p="11">shareholders' approvals.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to raise its interest to 64% from 32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in</sdc:value><sdc:value sdc:p="1">Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler of bakery products, from Lion Capital LLP, for 378.303 mil Swiss francs (235.486 mil euros/$372.016 mil US), in a privately</sdc:value><sdc:value sdc:p="2">negotiated transaction. The consideration was to consist of 48.194 mil francs (30 mil euros/$47.393 mil) in cash and the issuance of 12.7 mil IA new ordinary shares valued at 330.109 mil francs</sdc:value><sdc:value sdc:p="3">(205.486 mil euros/$324.623 mil). The shares were valued based on IA's closing stock price of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading day prior to the announcement.</sdc:value><sdc:value sdc:p="4">Concurrently, IA agreed to acquire the remaining 36% interest or 0.192 mil ordinary shares, which it did not already own, in HD. The transaction was subject to regulatory and shareholders' approvals.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to raise its interest to 64% from</sdc:value><sdc:value sdc:p="1">32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler</sdc:value><sdc:value sdc:p="2">of bakery products, from Lion Capital LLP, for 378.303 mil Swiss francs (235.486 mil euros/$372.016 mil US), in a privately negotiated</sdc:value><sdc:value sdc:p="3">transaction. The consideration was to consist of 48.194 mil francs (30 mil euros/$47.393 mil) in cash and the issuance of 12.7 mil IA new</sdc:value><sdc:value sdc:p="4">ordinary shares valued at 330.109 mil francs (205.486 mil euros/$324.623 mil). The shares were valued based on IA's closing stock price</sdc:value><sdc:value sdc:p="5">of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading day prior to the announcement. Concurrently, IA agreed to acquire</sdc:value><sdc:value sdc:p="6">the remaining 36% interest or 0.192 mil ordinary shares, which it did not already own, in HD. The transaction was subject to regulatory</sdc:value><sdc:value sdc:p="7">and shareholders' approvals.</sdc:value></sdc:n_synopsis5><sdc:o_AFINL_ROLEVAL_LONG><sdc:value sdc:p="0">$ 372.016 - Davy Corporate Finance - Adv,F Opin</sdc:value><sdc:value sdc:p="1">$ 372.016 - Credit Suisse Group - Adv,F Opin</sdc:value><sdc:value sdc:p="2">$ 372.016 - BNP Paribas SA - Adv,F Opin</sdc:value></sdc:o_AFINL_ROLEVAL_LONG><sdc:o_ATOTFEENEG><sdc:value sdc:p="0">0.00000</sdc:value><sdc:value sdc:p="1">0.00000</sdc:value><sdc:value sdc:p="2">0.00000</sdc:value></sdc:o_ATOTFEENEG><sdc:o_MANAGER_LONG2><sdc:value sdc:p="0">Davy Corporate Finance</sdc:value><sdc:value sdc:p="1">Credit Suisse Group</sdc:value><sdc:value sdc:p="2">BNP Paribas SA</sdc:value></sdc:o_MANAGER_LONG2><sdc:o_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:o_SEQ><sdc:p_MANAGER_LONG2><sdc:value>Swiss Capital Group</sdc:value></sdc:p_MANAGER_LONG2><sdc:p_SEQ><sdc:value>1.00000</sdc:value></sdc:p_SEQ><sdc:p_TFINL_ROLEVAL_LONG><sdc:value>$ 372.016 - Swiss Capital Group - Adv</sdc:value></sdc:p_TFINL_ROLEVAL_LONG><sdc:p_TTOTFEENEG><sdc:value>0.00000</sdc:value></sdc:p_TTOTFEENEG><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>769.65700</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>122.99500</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>1907.61900</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>1940.54600</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>578.88000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>96.65500</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>96.65500</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>77.36100</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>69.37400</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>62.70400</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>48.97300</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>307.25500</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>55.50400</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>85.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>64.59000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>59.39000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>49.65000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>35.35000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>85.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>319.89000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>319.89000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>270.39100</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>234.78800</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>203.27900</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>171.84500</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>45.12300</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>34.28700</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>31.37300</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>26.22200</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>18.25300</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>45.12300</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>58.25000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>49.09100</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>42.46100</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>36.79400</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>26.81700</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>58.25000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>742.14400</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>517.69400</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>450.66500</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>397.54100</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>331.87800</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>742.14400</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>656.83800</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>656.83800</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>620.29600</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>358.23300</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>358.07300</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>285.92000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_CURR_CODE><sdc:value>SFR</sdc:value></sdc:r_CURR_CODE><sdc:r_PE><sdc:value>26.19900</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>26.199</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.07800</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>3.84800</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>3.848</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>17.12600</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>21.40100</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>14.68600</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>28.32700</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>22.28600</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>271.42700</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>35.40900</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>23.11300</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>12.23100</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>21.29900</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>3.69600</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">2051:Bread and other bakery products, except cookies</sdc:value><sdc:value sdc:p="1">2053:Frozen bakery products, except bread</sdc:value><sdc:value sdc:p="2">5142:Packaged frozen foods</sdc:value><sdc:value sdc:p="3">5149:Groceries and related products, nec</sdc:value><sdc:value sdc:p="4">5199:Nondurable goods, nec</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>139613001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Ireland-Rep</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>5191</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">2051:Bread and other bakery products, except cookies</sdc:value><sdc:value sdc:p="1">2053:Frozen bakery products, except bread</sdc:value><sdc:value sdc:p="2">5142:Packaged frozen foods</sdc:value><sdc:value sdc:p="3">5149:Groceries and related products, nec</sdc:value><sdc:value sdc:p="4">5199:Nondurable goods, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>445544001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Zurich</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Switzerland</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>2051</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>HIEHOL</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>372.01600</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>378.30300</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>372.01600</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>188.83100</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>Thomson Financial Mergers &amp; Acquisitions</alacra:ip></item><item><title>IAWS Group PLC acquires Hiestand Schweiz AG (pending)</title><description>SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to acquire the remaining ##% interest or #.### mil ordinary shares, which it did not already own, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler of bakery products, in a stock swap transaction valued at ###.### mil Swiss francs (###.### mil euros/$###.### mil US), via scheme of arrangement. The transaction was carried out through merger by absorption, whereby a new company named ARYZTA AG (AG) will be formed. HD shareholders were to receive ## AG ordinary shares per share held and IA shareholders were to receive #.# AG shares per share held. Based on IA's closing stock price of ##.#### francs (##.## euros/$##.###) June #, the last full trading day prior to the announcement. Concurrently, IA agreed to raise its interest to ##% from ##%, by acquiring a ##% stake or #.### mil ordinary shares, in HD. Upon effectivity of the scheme, IA will be delisted in the Irish Stock Exchange and the London Stock Exchange. The transaction was subject to regulatory and shareholders' approvals.</description><pubDate>6/10/2008 2:27:10 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">44920Y</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">42953T</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">44920A</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">42953T</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">IAWS Group PLC</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Hiestand Schweiz AG</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Irish Agricultural Wholesale Society Ltd{IAWS Ltd}</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Hiestand Schweiz AG</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/IAWS_Group_PLC_acquires_Hiestand_Schweiz_AG-1984911040</link><guid isPermaLink="false">sdc/1984911040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1984911040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>Irish Stk</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Food and Kindred Products</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Ireland-Rep</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Bread and other bakery products, except cookies</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>2051</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>IAW.IR</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">2051:Bread and other bakery products, except cookies</sdc:value><sdc:value sdc:p="1">2053:Frozen bakery products, except bread</sdc:value><sdc:value sdc:p="2">5142:Packaged frozen foods</sdc:value><sdc:value sdc:p="3">5149:Groceries and related products, nec</sdc:value><sdc:value sdc:p="4">5199:Nondurable goods, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>5191:Farm supplies</sdc:value></sdc:aupsic_SIC><sdc:b_EXCHANGE><sdc:value>Zurich</sdc:value></sdc:b_EXCHANGE><sdc:b_MAINDUSTRY><sdc:value>Food and Kindred Products</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Switzerland</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Bread and other bakery products, except cookies</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>2051</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Public</sdc:value></sdc:b_STATUS><sdc:b_TICKER><sdc:value>HIEHOL</sdc:value></sdc:b_TICKER><sdc:c_ACIDGEN><sdc:value>179061001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Whl fertilizer prod</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Prod,whl bakery prod</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Newly Issued Ord Sh</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Ordinary Share</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>445544001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jun 10 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>511.37800</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>13.15500</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>85.38400</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>85.38400</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>68.34000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>61.28400</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>55.39200</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>43.26200</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>271.42700</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.51300</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.62100</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>49.03200</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>75.08800</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>39.86100</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>51.45800</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>655.60400</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>43.09700</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>580.24500</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ACURR_CODE><sdc:value>EUR</sdc:value></sdc:fiscal_ACURR_CODE><sdc:fiscal_ADATEFIN><sdc:value>31 Jul 07</sdc:value></sdc:fiscal_ADATEFIN><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>168.18700</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>2608.53200</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>2653.55700</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_CURRENCYLONG><sdc:value>EURO</sdc:value></sdc:fiscal_CURRENCYLONG><sdc:fiscal_DATEFIN><sdc:value>31 Dec 07</sdc:value></sdc:fiscal_DATEFIN><sdc:fiscal_FISCAL><sdc:value>31 Dec 07</sdc:value></sdc:fiscal_FISCAL><sdc:fiscal_FISCAL1><sdc:value>31 Dec 06</sdc:value></sdc:fiscal_FISCAL1><sdc:fiscal_FISCAL2><sdc:value>31 Dec 05</sdc:value></sdc:fiscal_FISCAL2><sdc:fiscal_FISCAL3><sdc:value>31 Dec 04</sdc:value></sdc:fiscal_FISCAL3><sdc:fiscal_FISCAL4><sdc:value>31 Dec 03</sdc:value></sdc:fiscal_FISCAL4><sdc:fiscal_RATE><sdc:value>0.88300</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">IAWS Group PLC, located in</sdc:value><sdc:value sdc:p="1">Dublin, Ireland, produces and</sdc:value><sdc:value sdc:p="2">wholesales bakery and</sdc:value><sdc:value sdc:p="3">convenience food products. It</sdc:value><sdc:value sdc:p="4">has lifestyle food operations</sdc:value><sdc:value sdc:p="5">in Ireland, the UK, France,</sdc:value><sdc:value sdc:p="6">the USA and Canada. The</sdc:value><sdc:value sdc:p="7">company was founded in 1988.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">IAWS Group PLC, located in Dublin, Ireland, produces and</sdc:value><sdc:value sdc:p="1">wholesales bakery and convenience food products. It has</sdc:value><sdc:value sdc:p="2">lifestyle food operations in Ireland, the UK, France, the</sdc:value><sdc:value sdc:p="3">USA and Canada. The company was founded in 1988.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>IAWS Group PLC, located in Dublin, Ireland, produces and wholesales bakery and convenience food products. It has lifestyle food operations in Ireland, the UK, France, the USA and Canada. The company was founded in 1988.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Hiestand Schweiz AG,</sdc:value><sdc:value sdc:p="1">headquartered in</sdc:value><sdc:value sdc:p="2">Schlieren-Zurich, Switzerland,</sdc:value><sdc:value sdc:p="3">produces and wholesales bakery</sdc:value><sdc:value sdc:p="4">products. The company's</sdc:value><sdc:value sdc:p="5">products include bread,</sdc:value><sdc:value sdc:p="6">baguettes, toast and</sdc:value><sdc:value sdc:p="7">sandwiches. It has operations</sdc:value><sdc:value sdc:p="8">in Germany, Eastern Europe,</sdc:value><sdc:value sdc:p="9">Asia and Australia. The</sdc:value><sdc:value sdc:p="10">company was founded in 1967.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Hiestand Schweiz AG, headquartered in Schlieren-Zurich,</sdc:value><sdc:value sdc:p="1">Switzerland, produces and wholesales bakery products. The</sdc:value><sdc:value sdc:p="2">company's products include bread, baguettes, toast and</sdc:value><sdc:value sdc:p="3">sandwiches. It has operations in Germany, Eastern Europe,</sdc:value><sdc:value sdc:p="4">Asia and Australia. The company was founded in 1967.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Hiestand Schweiz AG, headquartered in Schlieren-Zurich, Switzerland, produces and wholesales bakery products. The company's products include bread, baguettes, toast and sandwiches. It has operations in Germany, Eastern Europe, Asia and Australia. The company was founded in 1967.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.53000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>Swiss Franc</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>09 Jun 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Mon, 09 Jun 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 06/09/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Merger</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>1169.16300</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>1871.48200</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>358.426 Swiss Franc</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>358.42600</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>993.33600</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>358.426 Swiss Franc</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>358.42600</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>1840.38000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>1840.38000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>534.25300</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>358.426 Swiss Franc</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.98300</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>178.90900</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>352.46900</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>352.46900</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>10.27700</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>12.09600</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>21.06400</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>25.91100</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>1.57500</sdc:value></sdc:j_EVSALES><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>64.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>36.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>10.30100</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>17.93800</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>3.11200</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>22.06500</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>1.34200</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>9.01500</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>22.06500</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>1.34200</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>18.03600</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>18.52700</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.28500</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>1149.73300</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>19.63300</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>24.52500</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>125.38200</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>282.58800</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>16.72500</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>16.80600</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>19.92800</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>25.39100</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value><sdc:value sdc:p="20">21.00000</sdc:value><sdc:value sdc:p="21">22.00000</sdc:value><sdc:value sdc:p="22">23.00000</sdc:value><sdc:value sdc:p="23">24.00000</sdc:value><sdc:value sdc:p="24">25.00000</sdc:value><sdc:value sdc:p="25">26.00000</sdc:value><sdc:value sdc:p="26">27.00000</sdc:value><sdc:value sdc:p="27">28.00000</sdc:value><sdc:value sdc:p="28">29.00000</sdc:value><sdc:value sdc:p="29">30.00000</sdc:value><sdc:value sdc:p="30">31.00000</sdc:value><sdc:value sdc:p="31">32.00000</sdc:value><sdc:value sdc:p="32">33.00000</sdc:value><sdc:value sdc:p="33">34.00000</sdc:value><sdc:value sdc:p="34">35.00000</sdc:value><sdc:value sdc:p="35">36.00000</sdc:value><sdc:value sdc:p="36">37.00000</sdc:value><sdc:value sdc:p="37">38.00000</sdc:value><sdc:value sdc:p="38">39.00000</sdc:value><sdc:value sdc:p="39">40.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC</sdc:value><sdc:value sdc:p="1">of Ireland (IA), a unit of</sdc:value><sdc:value sdc:p="2">Irish Agricultural Wholesale</sdc:value><sdc:value sdc:p="3">Society Ltd agreed to acquire</sdc:value><sdc:value sdc:p="4">the remaining 36% interest or</sdc:value><sdc:value sdc:p="5">0.192 mil ordinary shares,</sdc:value><sdc:value sdc:p="6">which it did not already own,</sdc:value><sdc:value sdc:p="7">in Hiestand Schweiz AG (HD), a</sdc:value><sdc:value sdc:p="8">Schlieren-Zurich-based</sdc:value><sdc:value sdc:p="9">producer and wholesaler of</sdc:value><sdc:value sdc:p="10">bakery products, in a stock</sdc:value><sdc:value sdc:p="11">swap transaction valued at</sdc:value><sdc:value sdc:p="12">358.426 mil Swiss francs</sdc:value><sdc:value sdc:p="13">(223.113 mil euros/$352.469</sdc:value><sdc:value sdc:p="14">mil US), via scheme of</sdc:value><sdc:value sdc:p="15">arrangement. The transaction</sdc:value><sdc:value sdc:p="16">was carried out through merger</sdc:value><sdc:value sdc:p="17">by absorption, whereby a new</sdc:value><sdc:value sdc:p="18">company named ARYZTA AG (AG)</sdc:value><sdc:value sdc:p="19">will be formed. HD</sdc:value><sdc:value sdc:p="20">shareholders were to receive</sdc:value><sdc:value sdc:p="21">36 AG ordinary shares per</sdc:value><sdc:value sdc:p="22">share held and IA shareholders</sdc:value><sdc:value sdc:p="23">were to receive 0.5 AG shares</sdc:value><sdc:value sdc:p="24">per share held. Based on IA's</sdc:value><sdc:value sdc:p="25">closing stock price of 25.9928</sdc:value><sdc:value sdc:p="26">francs (16.18 euros/$25.561)</sdc:value><sdc:value sdc:p="27">June 6, the last full trading</sdc:value><sdc:value sdc:p="28">day prior to the announcement.</sdc:value><sdc:value sdc:p="29">Concurrently, IA agreed to</sdc:value><sdc:value sdc:p="30">raise its interest to 64% from</sdc:value><sdc:value sdc:p="31">32%, by acquiring a 32% stake</sdc:value><sdc:value sdc:p="32">or 0.170 mil ordinary shares,</sdc:value><sdc:value sdc:p="33">in HD. Upon effectivity of the</sdc:value><sdc:value sdc:p="34">scheme, IA will be delisted in</sdc:value><sdc:value sdc:p="35">the Irish Stock Exchange and</sdc:value><sdc:value sdc:p="36">the London Stock Exchange. The</sdc:value><sdc:value sdc:p="37">transaction was subject to</sdc:value><sdc:value sdc:p="38">regulatory and shareholders'</sdc:value><sdc:value sdc:p="39">approvals.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to acquire the remaining 36% interest or 0.192 mil ordinary shares, which it did not already own, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler of bakery products, in a stock swap transaction valued at 358.426 mil Swiss francs (223.113 mil euros/$352.469 mil US), via scheme of arrangement. The transaction was carried out through merger by absorption, whereby a new company named ARYZTA AG (AG) will be formed. HD shareholders were to receive 36 AG ordinary shares per share held and IA shareholders were to receive 0.5 AG shares per share held. Based on IA's closing stock price of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading day prior to the announcement. Concurrently, IA agreed to raise its interest to 64% from 32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in HD. Upon effectivity of the scheme, IA will be delisted in the Irish Stock Exchange and the London Stock Exchange. The transaction was subject to regulatory and shareholders' approvals.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale</sdc:value><sdc:value sdc:p="1">Society Ltd agreed to acquire the remaining 36% interest or 0.192 mil ordinary shares,</sdc:value><sdc:value sdc:p="2">which it did not already own, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based</sdc:value><sdc:value sdc:p="3">producer and wholesaler of bakery products, in a stock swap transaction valued at 358.426</sdc:value><sdc:value sdc:p="4">mil Swiss francs (223.113 mil euros/$352.469 mil US), via scheme of arrangement. The</sdc:value><sdc:value sdc:p="5">transaction was carried out through merger by absorption, whereby a new company named</sdc:value><sdc:value sdc:p="6">ARYZTA AG (AG) will be formed. HD shareholders were to receive 36 AG ordinary shares per</sdc:value><sdc:value sdc:p="7">share held and IA shareholders were to receive 0.5 AG shares per share held. Based on IA's</sdc:value><sdc:value sdc:p="8">closing stock price of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading</sdc:value><sdc:value sdc:p="9">day prior to the announcement. Concurrently, IA agreed to raise its interest to 64% from</sdc:value><sdc:value sdc:p="10">32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in HD. Upon effectivity of the</sdc:value><sdc:value sdc:p="11">scheme, IA will be delisted in the Irish Stock Exchange and the London Stock Exchange. The</sdc:value><sdc:value sdc:p="12">transaction was subject to regulatory and shareholders' approvals.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to acquire the remaining 36% interest or 0.192 mil ordinary shares, which it did not already</sdc:value><sdc:value sdc:p="1">own, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and wholesaler of bakery products, in a stock swap transaction valued at 358.426 mil Swiss francs (223.113 mil euros/$352.469 mil</sdc:value><sdc:value sdc:p="2">US), via scheme of arrangement. The transaction was carried out through merger by absorption, whereby a new company named ARYZTA AG (AG) will be formed. HD shareholders were to receive 36 AG ordinary</sdc:value><sdc:value sdc:p="3">shares per share held and IA shareholders were to receive 0.5 AG shares per share held. Based on IA's closing stock price of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading day</sdc:value><sdc:value sdc:p="4">prior to the announcement. Concurrently, IA agreed to raise its interest to 64% from 32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in HD. Upon effectivity of the scheme, IA will be</sdc:value><sdc:value sdc:p="5">delisted in the Irish Stock Exchange and the London Stock Exchange. The transaction was subject to regulatory and shareholders' approvals.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SWITZERLAND - IAWS Group PLC of Ireland (IA), a unit of Irish Agricultural Wholesale Society Ltd agreed to acquire the remaining 36%</sdc:value><sdc:value sdc:p="1">interest or 0.192 mil ordinary shares, which it did not already own, in Hiestand Schweiz AG (HD), a Schlieren-Zurich-based producer and</sdc:value><sdc:value sdc:p="2">wholesaler of bakery products, in a stock swap transaction valued at 358.426 mil Swiss francs (223.113 mil euros/$352.469 mil US), via</sdc:value><sdc:value sdc:p="3">scheme of arrangement. The transaction was carried out through merger by absorption, whereby a new company named ARYZTA AG (AG) will be</sdc:value><sdc:value sdc:p="4">formed. HD shareholders were to receive 36 AG ordinary shares per share held and IA shareholders were to receive 0.5 AG shares per share</sdc:value><sdc:value sdc:p="5">held. Based on IA's closing stock price of 25.9928 francs (16.18 euros/$25.561) June 6, the last full trading day prior to the</sdc:value><sdc:value sdc:p="6">announcement. Concurrently, IA agreed to raise its interest to 64% from 32%, by acquiring a 32% stake or 0.170 mil ordinary shares, in</sdc:value><sdc:value sdc:p="7">HD. Upon effectivity of the scheme, IA will be delisted in the Irish Stock Exchange and the London Stock Exchange. The transaction was</sdc:value><sdc:value sdc:p="8">subject to regulatory and shareholders' approvals.</sdc:value></sdc:n_synopsis5><sdc:o_AFINL_ROLEVAL_LONG><sdc:value sdc:p="0">$ 352.469 - Davy Corporate Finance - Adv,F Opin</sdc:value><sdc:value sdc:p="1">$ 352.469 - Credit Suisse Group - Adv,F Opin</sdc:value></sdc:o_AFINL_ROLEVAL_LONG><sdc:o_ATOTFEENEG><sdc:value sdc:p="0">0.00000</sdc:value><sdc:value sdc:p="1">0.00000</sdc:value></sdc:o_ATOTFEENEG><sdc:o_MANAGER_LONG2><sdc:value sdc:p="0">Davy Corporate Finance</sdc:value><sdc:value sdc:p="1">Credit Suisse Group</sdc:value></sdc:o_MANAGER_LONG2><sdc:o_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value></sdc:o_SEQ><sdc:p_MANAGER_LONG2><sdc:value>Swiss Capital Group</sdc:value></sdc:p_MANAGER_LONG2><sdc:p_SEQ><sdc:value>1.00000</sdc:value></sdc:p_SEQ><sdc:p_TFINL_ROLEVAL_LONG><sdc:value>$ 352.469 - Swiss Capital Group - Adv</sdc:value></sdc:p_TFINL_ROLEVAL_LONG><sdc:p_TTOTFEENEG><sdc:value>0.00000</sdc:value></sdc:p_TTOTFEENEG><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>769.65700</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>122.99500</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>1907.61900</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>1940.54600</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>578.88000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>96.65500</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>96.65500</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>77.36100</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>69.37400</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>62.70400</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>48.97300</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>307.25500</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>55.50400</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>85.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>64.59000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>59.39000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>49.65000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>35.35000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>85.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>319.89000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>319.89000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>270.39100</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>234.78800</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>203.27900</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>171.84500</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>45.12300</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>34.28700</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>31.37300</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>26.22200</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>18.25300</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>45.12300</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>58.25000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>49.09100</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>42.46100</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>36.79400</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>26.81700</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>58.25000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>742.14400</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>517.69400</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>450.66500</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>397.54100</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>331.87800</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>742.14400</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>656.83800</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>656.83800</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>620.29600</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>358.23300</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>358.07300</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>285.92000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_CURR_CODE><sdc:value>SFR</sdc:value></sdc:r_CURR_CODE><sdc:r_PE><sdc:value>22.01700</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>22.017</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.07800</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>3.23300</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>3.233</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>17.12600</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>21.40100</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>14.68600</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>28.32700</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>22.28600</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>271.42700</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>35.40900</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>23.11300</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>10.30100</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>17.93800</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>3.11200</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">2051:Bread and other bakery products, except cookies</sdc:value><sdc:value sdc:p="1">2053:Frozen bakery products, except bread</sdc:value><sdc:value sdc:p="2">5142:Packaged frozen foods</sdc:value><sdc:value sdc:p="3">5149:Groceries and related products, nec</sdc:value><sdc:value sdc:p="4">5199:Nondurable goods, nec</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>139613001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Ireland-Rep</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>5191</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">2051:Bread and other bakery products, except cookies</sdc:value><sdc:value sdc:p="1">2053:Frozen bakery products, except bread</sdc:value><sdc:value sdc:p="2">5142:Packaged frozen foods</sdc:value><sdc:value sdc:p="3">5149:Groceries and related products, nec</sdc:value><sdc:value sdc:p="4">5199:Nondurable goods, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>445544001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Zurich</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Switzerland</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>2051</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>HIEHOL</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>352.46900</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>358.42600</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>352.46900</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>178.90900</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>Thomson Financial Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/bir/775776</link><guid isPermaLink="false">bir/775776</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><title>Hiestand Holding AG</title><bir:company xmlns:bir="http://www.alacra.com/bir">Hiestand Holding AG</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">Switzerland</bir:cou><bir:descr xmlns:bir="http://www.alacra.com/bir">Manufacturing: Manufacture and supply of frozen and convenience bakery products. The product range is divided into five categories: gipfel; bread and bread rolls; danish pastries and American bakery products; snacks</bir:descr><bir:sic xmlns:bir="http://www.alacra.com/bir">2051</bir:sic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2052</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2053</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">5142</bir:ssic><bir:naics xmlns:bir="http://www.alacra.com/bir">311812</bir:naics><bir:snaics xmlns:bir="http://www.alacra.com/bir">311813</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">311821</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">424420</bir:snaics><bir:class xmlns:bir="http://www.alacra.com/bir">9</bir:class><bir:size xmlns:bir="http://www.alacra.com/bir">G</bir:size><bir:revenue xmlns:bir="http://www.alacra.com/bir">J</bir:revenue><bir:ticker xmlns:bir="http://www.alacra.com/bir">HIEN</bir:ticker><pubDate>4/2/2008 6:23:00 AM</pubDate><bir:docid xmlns:bir="http://www.alacra.com/bir">775776</bir:docid><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item></channel></rss>