Finance
UK food group Greencore increases bid for rival Bakkavor, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Greencore has increased its bid for Bakkavor to £1.14 billion. Bakkavor is considering the offer after rejecting two previous bids.
(Reuters) - British convenience food manufacturer Greencore has increased its bid for rival Bakkavor Group, Bloomberg News reported on Tuesday, citing sources.
Bakkavor, which operates in Britain, China and the United States, has been considering the enhanced proposal, the report added.
Greencore and Bakkavor declined to comment to Reuters' requests.
Bakkavor rejected two takeover bids from Greencore this month, with the latest cash-and-stock offer valued at 189 pence per share, including a planned dividend. The bid would have valued Bakkavor at 1.14 billion pounds ($1.48 billion).
($1 = 0.7720 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Alan Barona)
The main topic is Greencore's increased bid for Bakkavor, valuing the company at £1.14 billion amid takeover discussions.
The companies involved are Greencore and Bakkavor, both operating in the convenience food sector.
The latest bid values Bakkavor at £1.14 billion, with a cash-and-stock offer of 189 pence per share.
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