IRELAND: Greencore takeover talks come to nothing
Talks over the sale of Greencore, the Ireland-based own-label food maker, have ended.
Greencore, which said in October that it had received an approach to buy the business, revealed yesterday (5 December) that discussions had failed to lead to a proposal that was "acceptable" to its board.
"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," Greencore said.
"Accordingly, the board can confirm that the company is no longer engaged in any discussions regarding a potential offer for the company."
There had been speculation that US private-equity firm Clayton Dubilier & Rice was the mystery suitor, although neither side made any public comment.
Ireland's Greencore said today (17 April) that it plans to build on its presence in the US through the acquisition of convenience food firm Marketfare Foods for US$36m....
- On the move: What's in store from Tesco's new CEO?
- On the money: Steady as she goes at Cloetta
- Focus: Lindt plays safe with Russell Stover buy
- The bitesize interview - The Kids Food Co.
- Interview: Bell hits out at German cartel ruling
- Campbell issues warning on 2014/15 fiscal year
- UPDATE: Premier establishes international unit
- Premier launches Oxo pots range in UK
- Universal Robina to buy biscuit firm Griffin's
- Genius secures listings in French supermarkets