Overview

• Greencore's revised cash-and-shares offer values Bakkavor at 200p per share, a 32.5% premium on its March 13 closing price.
• The merger will combine two major UK food manufacturers, creating a business with annual sales of approximately £4 billion.
• Greencore shareholders will own 56% of the combined group, while Bakkavor shareholders will hold 44%.
• Bakkavor's board has unanimously indicated support for the deal, contingent on regulatory clearances and shareholder votes in May 2025.
• Labor unions have raised concerns about potential job losses, urging commitments to protect workers and avoid factory closures.