Shares in the UK’s Big Food Group received a boost yesterday [Thursday] due to market speculation that the company may be taken over.
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However, any deal is not likely to be imminent, with the rumours probably started by share purchases by company directors, Reuters reported, citing market sources.
Some market speculation centred on a possible management buyout of the company, which owns frozen food retailer Iceland, while some focused on rumours of a possible bid by Icelandic retailer Baugur, which already owns a 22% share of Big Food Group.
