World’s largest olive oil company pops 17% as rivals circle in takeover battle

Shares of Spain's Deoleo jumped over 17% on Wednesday morning amid an intensifying takeover battle for the world's largest olive oil bottler and marketer.

The stock move comes amid reports that Spanish agri-food cooperative group Dcoop has offered 470 million euros ($545 million) for Deoleo, taking the lead in a takeover battle that includes Italian, French and Australian firms.