Devro makes the casings used on sausages
(Picture: Sausage Press )Devro, the sausage skin maker, has recommended a takeover offer from Germany’s Saria that values the Scottish company at £667 million and will provide some hearty fare for deal-starved bankers.
The price, at 316.1p per share, is a 65% premium based on where the stock closed on Thursday. The buyer is a privately held multinational which, alongside food, also produces biofuels and animal feed.
