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Bakkavor Group PLC - London-based provider of fresh food to the foodservice industry and retail customers - Extends deadline for Greencore PLC to make a firm takeover offer to May 23, pushed back from Friday. Dublin-based manufacturer of convenience foods Greencore has to announce its intention to make an offer or walk away by the new ’put-up-or-shut-up’ deadline to advance the possible £1.2 billion bid. Under the terms of the possible offer, Greencore would pay 85 pence in cash and 0.604 of a Greencore share per Bakkavor share. Bakkavor says the deadline may be extended further. The deadline was previously extended from April 11.
Current Bakkavor stock price: 185.86 pence, up 2.1% on Friday morning in London
12-month change: up 54%
Current Greencore stock price: 189.00 pence, up 0.3%
12-month change: up 41%
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