Disappointment as co-ops abandon merger talks

摘要

News that the boards of Milk Link and First Milk have agreed not to continue with the proposed merger of the two businesses has been described as disappointing by Dairy UK. In a statement issued early last month, the two co-ops said: "Since October last year, there has been thorough due diligence and business planning activity. At the end of this process, there were a number of important issues that we were unable to resolve including the valuation of the two businesses. "Despite extensive discussions, it has not been possible to agree terms for a merger that either party felt they could recommend to their memberships at the present time."