Bakkavor Extends Deadline for Possible Greencore Offer
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types that would require a more detailed analysis. It simply extends the deadline for Greencore to make a firm offer for Bakkavor, indicating the companies are still in discussions but there is no certainty of an offer being made.
Key Points
- Bakkavor extends deadline for Greencore to make a firm offer
- Discussions between the two companies are ongoing
- No certainty a firm offer will be made
Summary
The food manufacturer extends the deadline for a potential takeover offer as discussions continue with a suitor.
Bakkavor Group plc has extended the deadline for Greencore Group plc to make a firm offer for the company. The two companies are continuing discussions regarding the possible cash and share offer, and Bakkavor has requested an extension from the Panel on Takeovers and Mergers to allow more time for the discussions and due diligence to be completed. There remains no certainty that a firm offer will be made.
Key Dates
9 May 2025
Deadline for Greencore to make a firm offer
GENERAL UPDATE