The Real Good Food Company, a UK manufacturer of chilled and ambient products for food retailers, has announced the terms under which it would make an offer for sugar company Napier Brown.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
If the mid-market closing price of the company’s shares on the last business day prior to announcement of the offer is at or above £1.40 (US$2.55) the company will offer 1.5743 Real Good Food Shares for each Napier Brown share such that the value of the offer would be not less than £2.20.
If the mid-market closing price of the company’s shares on the last business day prior to announcement of the offer is below £1.40 the company will adjust the ratio of Real Good Food Shares for each Napier Brown share such that the value of the offer would be £2.20.
Therefore any offer will have a value of not less than £2.20 per Napier Brown share based on the latest mid-market closing price for Real Good Food shares at the time of the offer announcement.
This price would represent a minimum premium of 26.4% to the mid-market closing price of £1.74 on 17 June 2005.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
