Bakkavor Group to be Acquired by Greencore Group

Bakkavor Group plc ( (GB:BAKK) ) has provided an update.

Bakkavor Group plc has announced the publication of the Scheme Document regarding its acquisition by Greencore Group plc, which will be executed through a Court-approved scheme of arrangement. The transaction, which involves a cash and share offer for Bakkavor’s entire issued share capital, is recommended by Bakkavor’s board as being in the best interest of its shareholders. The Scheme Document outlines the terms and conditions of the acquisition, the expected timetable, and the necessary shareholder approvals required for the transaction to proceed. The acquisition is expected to enhance Bakkavor’s market positioning and operational capabilities, with the Scheme anticipated to become effective in early 2026, pending shareholder and court approvals.

The most recent analyst rating on (GB:BAKK) stock is a Hold with a £120.00 price target. To see the full list of analyst forecasts on Bakkavor Group plc stock, see the GB:BAKK Stock Forecast page.

Spark’s Take on GB:BAKK Stock

According to Spark, TipRanks’ AI Analyst, GB:BAKK is a Outperform.

Bakkavor Group plc’s overall score is supported by stable financial performance and reasonable valuation metrics. Positive corporate events and strong operational results bolster the outlook. However, technical indicators warn of a potential overbought condition, which tempers the score.

To see Spark’s full report on GB:BAKK stock, click here.

More about Bakkavor Group plc

Bakkavor Group plc operates in the food industry, specializing in the production of fresh prepared foods. The company focuses on providing a variety of ready-to-eat meals, salads, desserts, and other fresh food products, catering primarily to the UK market and other international markets.

Average Trading Volume: 1,550,422

Technical Sentiment Signal: Buy

Current Market Cap: £1.23B

For detailed information about BAKK stock, go to TipRanks’ Stock Analysis page.