Greencore Announces Recommended Acquisition of Bakkavor Group
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types required for a more detailed analysis. It appears to be a general corporate update regarding Greencore's proposed acquisition of Bakkavor Group.
Key Points
- Greencore to acquire Bakkavor Group
- Transaction subject to shareholder and regulatory approvals
- Circular and notice of general meeting published
Summary
The retailer announces a recommended acquisition of a major food producer, subject to shareholder and regulatory approvals.
Greencore Group plc has announced a recommended cash and share offer to acquire the entire issued and to be issued ordinary share capital of Bakkavor Group plc. The transaction is subject to the satisfaction (or, where applicable, waiver) of the Conditions, including shareholder and regulatory approvals.
Key Dates
4 July 2025
Greencore General Meeting
7 July 2025
Bakkavor Court Meeting and General Meeting
Early 2026
Scheme Court Hearing and Effective Date of the Scheme
GENERAL UPDATE