Dutch firm FrieslandCampina to control Ultrajaya after $822m merger deal
Assuming all existing Ultrajaya shareholders do not exercise their rights to buy some of the new shares, FrieslandCampina International Holding B.V will hold a 30.81 percent stake in the combined entity following the merger of Ultrajaya and Frisian Flag Indonesia.
We haven't written up this one. The Jakarta Post has the full story — the link below goes straight to it.