Bakkavor rejects two Greencore takeover bids
Greencore argues bringing the two own-label suppliers together would create “a leading UK convenience-food business”.
Greencore Is Said to Weigh Tie-Up With Tesco Supplier Bakkavor
Irish convenience food manufacturer Greencore Group Plc has been exploring a potential combination with its London-listed rival Bakkavor Group Plc, according to people familiar with the matter.
UK's Bakkavor rejects $1.48 billion bid by rival food group Greencore
Britain's Bakkavor has rejected two bids from Greencore to buy it, the latest of which would have valued the food manufacturer at 1.14 billion pounds ($1.48 billion), the companies said on Friday.
Update: Greencore’s latest bid “significantly undervalues” Bakkavor, target says
Greencore’s takeover bids undervalue its business. Earlier today, Ireland-based Greencore revealed it had tabled two offers for Bakkavor in the last fortnight. The most recent bid, put forward on 7 March,
Tesco Supplier Bakkavor Rejects Greencore’s £1.1 Billion Bid
Bakkavor Group Plc rejected a cash and stock bid from Irish convenience food manufacturer Greencore Group Plc valuing the London-listed firm at £1.14 billion ($1.5 billion).
Bakkavor serves up rejection to Greencore’s £1.1bn takeover bid
Bakkavor has rejected a £1.1bn takeover bid from rival Greencore, a move that would have created a food giant with a combined revenue of £4bn. An initial proposal was turned down by Bakkavor’s board on February 27, with a second, revised offer also dismissed on March 10, as it “significantly undervalued the company and its future prospects”.
Bakkavor Rejects Greencore's Sweetened Takeover Bid
Greencore said Bakkavor rejected two bids for a possible takeover deal, and that it continues to evaluate all strategic opportunities.
Bakkavor shares soar as £1.13bn Greencore bid rejected
UK food company Greencore said two bids it made for rival Bakkavor - the second worth £1.13bn - had been rejected.
Tesco supplier Bakkavor rejects £1.14bn Greencore offer
Bakkavor Group Plc rejected a cash and stock bid from Irish convenience food manufacturer Greencore Group Plc valuing the London-listed firm at £1.14 billion (€1.35 billion). Greencore offered 85 pence in cash and 0.523 Greencore shares for each Bakkavor share in a revised proposal on March 7th, according to a statement on Friday.
Bakkavor rejects £1.14 billion bid by rival Greencore
Convenience food manufacturer Greencore said today that Bakkavor had rejected two of its bids for a potential acquisition, the latest of which would have valued the rival at £1.14 billion.
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£1.14bn Greencore offer rebuffed by Bakkavor
Bakkavor has rebuffed two acquisition offers from Greencore submitted in the last few weeks, with the latest worth ...