Following the takeover bid from Boparan Holdings, shareholders in Northern Foods could be forgiven for feeling confused but, writes Dean Best, a merger with Greencore still appears to be the best option for the UK...
Irish food group Greencore today (24 January) admitted it is weighing up its options over its next move in the battle for Northern Foods after the UK manufacturer accepted a rival bid from poultry and fish group Boparan Holdings.
UK poultry and fish group Boparan Holdings has decided to table a takeover bid for Northern Foods, the maker of Goodfella's pizza and Fox's biscuits planning to merge with Ireland's Greencore.
The news this morning (17 November) that Irish ready-made meals supplier Greencore and Fox's biscuits group Northern Foods are to merge has been applauded by the City.
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