February 22, 2019 / 7:54 AM / 10 months ago

BUZZ-Dairy Crest Group: Set to open higher on buyout bid by Saputo

** Britain’s largest dairy food company Dairy Crest Group Plc seen opening higher 10 percent, as per premarket indicators

** Canada’s Saputo to buy DCG for about 975 million pounds

** Saputo’s 620 pence‍​ a share buyout bid represents a premium of about 11.7 pct to DCG’s close of 555 pence on Thursday

** DCG has lost ~3pct in value in the last 12 months (Reporting by Karina Dsouza in Bengaluru)

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