Deals
Greencore Said to Increase Bid for Tesco Supplier Bakkavor
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Irish convenience food manufacturer Greencore Group Plc has increased its bid for London-listed rival Bakkavor Group Plc, people with knowledge of the matter said.
Bakkavor has been considering the latest proposal, the people said, asking not to be identified because the information is private. It has already rejected at least two previous offers from Greencore. The most recent cash and stock bid it’s disclosed was valued at 189 pence per share including a planned dividend.