World's largest olive oil company plummets 19% after rivals agree to takeover deal

Deoleo, the world's largest olive oil company, saw its stock fall 19 percent in early trading after two rival companies announced plans to acquire the firm. The announcement came from the competing olive oil producers, who disclosed the acquisition agreement to the market. Deoleo's share price decline occurred immediately following the public disclosure of the takeover deal.

• CNBC — World's largest olive oil company plummets 19% after rivals agree to takeover deal

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