Greencore ( (GB:GNC) ) has provided an update.
Greencore Group PLC has made two proposals to acquire Bakkavor Group plc, both of which were rejected by Bakkavor’s board. The revised proposal offered a combination of cash and shares, valuing Bakkavor at a 25% premium to its recent share price. Greencore believes the acquisition would create a leading UK convenience food business with significant revenue and potential for growth, benefiting shareholders with enhanced market capitalisation and liquidity.
More about Greencore
Greencore Group PLC is a leading company in the UK convenience food industry, known for its diverse product offerings and strong commercial relationships. The company focuses on creating market-leading capabilities in attractive segments across the UK convenience food landscape.
YTD Price Performance: -0.69%
Average Trading Volume: 1,645,703
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £841M
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