Greencore ( (GB:GNC) ) has issued an announcement.
Greencore Group PLC and Bakkavor Group PLC have reached an agreement in principle on a possible cash and share offer by Greencore for Bakkavor, aiming to create a leading UK convenience food business with a combined revenue of approximately £4 billion. The proposed merger is expected to bring strategic and financial benefits, including enhanced innovation, supply chain capabilities, and economies of scale, which could lead to significant value creation for stakeholders and increased market capitalisation.
More about Greencore
Greencore Group PLC is a prominent player in the convenience food industry, focusing on the production and distribution of ready-to-eat meals and other convenience food products. The company aims to enhance its market positioning by expanding its product offerings and strengthening its presence in the UK market.
YTD Price Performance: -6.85%
Average Trading Volume: 1,493,172
Technical Sentiment Signal: Sell
Current Market Cap: £731.2M
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