Greencore is the subject of a surprise takeover bid.
The company’s board today told investors that it had received an approach from an unidentified bidder.
“The board of Greencore Group notes the movement in the company's share price and confirms that it has received an approach that may or may not lead to an offer,” it said in a statement.
“The board would like to emphasise that the discussions are at a preliminary stage and there can be no certainty whether any offer will be forthcoming.”
The news comes with Greencore in the process of completing its purchase of Uniq.
The company was touted as a potential takeover target following the collapse of its proposed merger with Northern Foods, which instead fell into the clutches of Ranjit Boporan’s 2 Sisters group.
Read more
OC&C Top 150 Suppliers: Land of the giants (1 October 2011)
OFT waves through Greencore-Uniq deal (23 September 2011)
Hot Topic: Uniq was the obvious 'next cab on the rank' (16 July 2011)
Greencore ‘must act fast or it will become a target’ (21 March 2011)
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