Enrico Bondi News
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Grant Thornton LLP won dismissal of a lawsuit alleging accounting malpractice related to the 2003 bankruptcy of Parmalat SpA.
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Parmalat SpA Chief Executive Officer Enrico Bondi revived Italy’s biggest dairy company by reaping about 2 billion euros ($2.8 billion) from suing former creditors, including the nation’s biggest lenders. Now, his survival may depend on their support.
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Parmalat SpA Chief Executive Officer Enrico Bondi is seeking Bank of America Merrill Lynch’s support for renewal of the dairy company’s board, Il Messaggero reported, without saying how it got the information.
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Parmalat SpA Chief Executive Officer Enrico Bondi met the company’s key shareholders to argue for the renewal of his mandate, La Stampa reported, citing bankers attending the meeting.
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Italy’s government declared dairy company Parmalat SpA “strategic,” and said it would seek to promote an Italian shareholder group in a bid to block France’s Groupe Lactalis from gaining management control.
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A group of Parmalat SpA investors is considering pushing to replace Chief Executive Officer Enrico Bondi with a CEO who has more experience in the international food industry, three people familiar with the situation said.
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Milan prosecutor Eugenio Fusco is probing movements of Parmalat SpA stock amid a battle for control that led to a 16 percent gain in the dairy company’s market value this year, said two people familiar with the probe.
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The U.S. Justice Department sued to block AT&T Inc.’s proposed $39 billion takeover of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market.
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Silvio Berlusconi has opened the door for France’s biggest cheesemaker to snap up Italy’s largest dairy company at the cheapest valuation for a milk takeover.
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Parmalat SpA, the Italian dairy company controlled by Groupe Lactalis, appointed Yvon Guerin as chief executive officer to replace Enrico Bondi.
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