Icelandic retail group Baugur’s planned takeover of UK frozen food specialist Big Food was today [Friday] the subject of more negative publicity as reports said the two groups were still wrangling over a price.
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Big Food is thought to be pushing for a deal at around 100p a share, but the Daily Mail said Baugur was arguing for a price below 90p – valuing the business at under £310m (US$587m).
Earlier this month Big Food Group said that sales has underperformed at both Iceland and the Booker cash & carry chain.
