LONDON: The bidder for Irish food group Greencore has been revealed as US private equity company Clayton Dubilier & Rice according to a report in the Sunday Times.
Greencore, one of the biggest sandwich and ready-meal suppliers to Britain, received a potential takeover approach on Tuesday, sending its shares soaring.
CD&R, which the Sunday Times said is in "detailed discussions" about a takeover of the Dublin-headquartered group, hired former Tesco chief executive, Terry Leahy, as a senior adviser in March. Greencore and CD&R were not immediately available for comment.
Greencore agreed to buy British rival Uniq for 113 million pounds ($181 million) in July, boosting its relationship with upmarket British food retailer Marks & Spencer
Comments
Comments are closed for this article.