	pioneer sugar says csr takeover offer too low pioneer sugar mills ltd said it considered the proposed dlrs a share cash takeover offer announced by csr ltd csra s on march to be too low in view of the group hk uiie and prospects csr s bid for the pct of pioneer s mln issued shares it does not already hold values the entire grop j culd make an alternative share offer but has not yet announced terms pioneer recommended in a statement that shareholders retain their stock pending the board s response once it receives full details of the csr offer reuter 
