date:Nov 07, 2012
chase of a majority stake in Weetabix Food Co, marking the largest overseas acquisition that a Chinese company has made in the food industry.
Wang said Bright Food will make some changes or adjustments to suit Chinese people's tastes.
As part of the deal, Bright Food paid nearly 700 million pounds ($1.12 billion) to acquire a 60 percent stake in Weetabix and also agreed to cover 500 million pounds of Weetabix's debt.
The remaining 40 percent of Weetabix's shares continue to be held by the p