March 9, 2017 / 5:14 PM / 4 months ago

BRIEF-Amber says won't tender Parmalat shares despite Lactalis bid price rise

1 Min Read

March 9 (Reuters) - Italian dairy group Parmalat:

* Amber Capital reiterates won't tender shares in Parmalat despite Lactalis raising buyout offer price to 3 euros a share

* Decision to raise bid price is "small step in right direction but there is still a long way to go"

* Parmalat shares could be worth between 3.8 and 4.5 euros each including possible cash-in from a lawsuit with Citigroup Further company coverage: (Reporting by Milan Newsroom)

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