Greencore and Bakkavor Reach Agreement on £1.2 Billion Merger
Bakkavor has accepted Greencore’s provisional acquisition offer of approximately £1.2 billion, equating to 85p per Bakkavor share plus 0.604 in new Greencore shares. This offer...
Tag : Bakkavor
Bakkavor Extends Greencore’s ‘Put Up or Shut Up’ Deadline for the Second Time
The ‘put up or shut up’ (PUSU) deadline was initially extended to 5 PM on 9 May, following the realization that a comprehensive agreement would...
Bakkavor Sells Its Chinese Operations
Bakkavor, a leading supplier of fresh products, is currently engaged in a takeover proposal from Greencore and has decided to sell its operations in China....
Greencore and Bakkavor Extend Negotiations for Potential Deal
Greencore and Bakkavor have secured additional time to negotiate the terms of a potential £1.2bn ($1.57bn) takeover bid. Last week, the two UK food manufacturing...
Greencore Poised to Acquire Bakkavor in £1.2 Billion Transaction
The two boards of Greencore and Bakkavor have reached an agreement on the essential financial terms of a transformative deal, proposing the formation of a...
Greencore Returns with Enhanced Offer for Bakkavor
Ireland-based food supplier Greencore has reportedly made an improved offer in its endeavor to acquire UK peer Bakkavor. According to news agency Bloomberg, citing “people...
Bakkavor Claims Greencore’s Offer “Significantly Undervalues” the Company
Bakkavor announced today (14 March) that Greencore’s takeover bids clearly undervalue its business. Earlier, Ireland-based Greencore revealed it had submitted two offers for Bakkavor over...
Bakkavor Rejects £1.14bn Bid from Greencore
Recently, a statement from the London Stock Exchange disclosed that Bakkavor declined an initial acquisition offer on 27 February. The company further rejected a revised...
Bakkavor Faces Ethical Trading Allegations Amid Ongoing Strike
ETI, an alliance of trade unions, NGOs, and businesses—including all leading UK supermarkets—works to “promote practical solutions to end the abuse of human rights at...
Bakkavor Claims Trade Union is Focusing on Publicity Over Issues
A senior executive at Bakkavor has criticized a trade union for prioritizing publicity over the resolution of an ongoing strike at one of its UK...