Friday 23 June 2017

Greencore confirms takeover approach reporters

FOOD group Greencore has announced it has received an approach which may or may not lead to an offer for the company.

The announcement comes just months after a failed merger with Northern Foods fell through after the UK firm pulled out in favour of a cash offer from businessman Ranjit Boparan.

In a statement, the company said it had noted the “movement” in its share price and another announcement will be made when appropriate.

Shares in Greencore gained 12.7pc to 70c this afternoon.

In July, Greencore announced a €125m deal to buy UK food group Uniq.

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