date:Jun 29, 2012
Blackstone and BC Partners had offered only 2.5 billion ($3.1billion), short of the 2.6 billion Permira had set as a minimumand well short of the 2.8 billion it had hoped for. Otherpotential bidders, including Thailand's Charoen Pokphand, hadalready bailed out.
The end of the prolonged Iglo auction process leaves Permiralooking at other options for the company it bought in 2006 fromUnilever for 1.7 billion euros, later bolting on Findus Italyfor a further 800 million. Birds Eye in the UK is par