04:39 AM EDT, 07/30/2026 (MT Newswires) -- Swedish chicken-based food products company Scandi Standard (SCST.ST) agreed to buy Irish peer Glenhaven Foods for an enterprise value of 127 million euros. The consideration comprises cash and an interest-free vendor note representing one-third of the purchase price, payable within one year of completion, which is expected in the third quarter. Scandi Standard plans to finance the acquisition using proceeds from a 408 million-krona rights issue and existing credit facilities. The rights issue will comprise up to 3,268,143 shares priced at 125 kronor each.

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