Saputo Inc.

09:52 AM EST - Saputo Inc. : Has reached an agreement with Dairy Crest Group plc on the terms of a cash acquisition by which Saputo will acquire the entire issued and to be issued ordinary share capital of Dairy Crest for £6.20 per ordinary share, valuing Dairy Crest's existing issued and to be issued ordinary share capital at approximately £975 million (approximately CDN $1.7 billion). The board of directors of Dairy Crest intends to unanimously recommend to shareholders of Dairy Crest to vote in favour of the Transaction. Saputo Inc. shares T.SAP are trading up $2.11 at $43.75.