Greencore shares slide as takeover talks end
Published 05/12/2011 | 11:52
SHARES in Greencore slumped by over 10pc to 63.5c today after the company confirmed it is no longer engaged in takeover discussions.
In October Greencore said it was engaged in talks that may or may not have led to a takeover and discussion were at a preliminary stage.
''Given the Board's unanimous view on the strong underlying value of Greencore and the current dislocation in global equity and debt capital markets, both parties have agreed to end discussions,'' the company said in a statement.
''Accordingly, the Board can confirm that the company is no longer engaged in any discussions regarding a potential offer for the company,'' it added.
The company will release quarterly results tomorrow.