The board of dairy group Parmalat (PLT.MI) will meet on Friday to decide whether to give Italian investors more time to reach a deal with France's Lactalis over the control of Italy's biggest listed food company. Italy's centre-right government last week approved a special decree allowing Parmalat to postpone its April 12-14 shareholders meeting until June and pledged new anti-takeover measures, to prevent dairy group Lactalis from tightening its grip on Parmalat. A two-month break would give Italy's No. 1 retail bank, Intesa Sanpaolo (ISP.MI), time to assemble an all-Italian consortium for Parmalat, possibly with Italy's top confectionery group, Ferrero, government sources said. Intesa owns 2.4 percent of Parmalat.
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