Bakkavor Extends PUSU Deadline for Greencore Acquisition
Why we think this is neutral
This RNS announcement does not contain any specific financial or operational updates. It is simply an extension of the PUSU deadline for the potential acquisition of Bakkavor by Greencore, which does not provide enough information to assess the sentiment positively or negatively.
Key Points
- Bakkavor and Greencore have been in discussions regarding a potential acquisition of Bakkavor by Greencore
- The PUSU deadline has been extended to allow more time for discussions and completion of due diligence
- There is no certainty that a firm offer will be made by Greencore
Summary
The food manufacturer has extended the deadline for a potential takeover by another major player in the industry.
Bakkavor Group plc has announced an extension of the 'put up or shut up' (PUSU) deadline for Greencore Group plc to either make a firm offer for Bakkavor or announce that it does not intend to make an offer. The new PUSU deadline is now 23 May 2025, extended from the previous 9 May 2025 deadline.
Key Dates
23 May 2025
New PUSU deadline for Greencore to make a firm offer or announce it does not intend to make an offer
GENERAL UPDATE