UK: Geest receives preliminary takeover proposal from Bakkavor
UK convenience foods group Geest has confirmed that it has received a preliminary takeover proposal from Iceland's Bakkavor Group.
Geest said it made the announcement following the recent movement in its share price and press speculation.
"Discussions are continuing between Geest and Bakkavor to establish whether or not Bakkavor can put forward a revised proposal which would form an acceptable basis for entering into due diligence, which may or may not lead to Bakkavor making a full offer for the entire issued share capital of Geest in due course," Geest said, adding that a further announcement would be made when appropriate.
In mid-June Bakkavor increased its stake in Geest to 20% but said it had no plans to make a takeover offer for the UK company.
The dinner party market is booming, according to a survey published by fresh prepared food supplier Geest, with 62% of people in Britain inviting groups of friends over for meals....
Garlic butter maker Markus Products has appointed Claire Goulding as product development manager to lead the company's development team in the creation of new products for retail and foodservice....
Men are spending slightly more than women on food, according to a new survey commissioned by UK fresh prepared foods group Geest....
The Fresh Prepared Salads Producer Group, which represents the main suppliers of washed and ready to eat salads to UK supermarkets have issued a defence of the use of modified atmosphere packaging and...
British shoppers still prefer traditional shopping to the internet for groceries, according to a survey carried out for the fresh produce company Geest....
Fresh produce and prepared foods group Geest has confirmed that Bakkavor Invest has received clearance from the Office of Fair Trading in respect of its proposed acquisition of Geest....
UK fresh produce and prepared food group Geest has announced that the proposed recommended acquisition of the group by Iceland's Bakkavör has been passed at a court meeting and extraordinary general m...
UK convenience food group Geest has announced that a fire which began late last night has destroyed two facilities making pasta and speciality bread at its Barton-on-Humber site....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- Kraft Heinz cuts jobs in US, Canada
- BRF plant suspended amid bribery allegations