Bakkavor Group plc ( (GB:BAKK) ) has shared an update.
Bakkavor Group plc has rejected an unsolicited acquisition proposal from Greencore Group plc, which included a conditional cash and share offer for the company’s entire issued share capital. The board of Bakkavor, after consulting with financial advisers, determined that the proposal significantly undervalued the company and its future prospects. Greencore now faces a deadline to either make a firm offer or announce its intention not to proceed, which could impact stakeholder interests and market dynamics.
More about Bakkavor Group plc
Bakkavor Group plc is a leading provider in the food industry, specializing in the production of fresh prepared foods. The company focuses on delivering high-quality products to major grocery retailers and foodservice operators, positioning itself as a key player in the market.
YTD Price Performance: 3.42%
Average Trading Volume: 190,448
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £880.7M
See more data about BAKK stock on TipRanks’ Stock Analysis page.