Greencore Bakkavor merger deal deadline extended
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Posted: 11 April 2025 | Ian Westcott | No comments yet
The £1.2bn Greencore–Bakkavor ready meal merger has hit pause, as the bid deadline is pushed back to 9 May. The deal, if completed, would create a £4bn food giant.
The proposed £1.2 billion merger between convenience food giants Greencore and Bakkavor has been delayed, with the deadline for a formal bid now extended to 5pm on 9 May 2025.
Originally, under London Stock Exchange (LSE) rules, Greencore had until 11 April to make an offer for Bakkavor. However, Bakkavor confirmed this morning that the deadline has been pushed back with the consent of the LSE – and noted that further extensions may still be requested.
If the transaction proceeds, Greencore shareholders would own approximately 56 percent of the combined entity, with Bakkavor shareholders holding the remaining 44 percent. The new group would generate estimated revenues of £4 billion.
Greencore, a major supplier of ready meals and food-to-go products, has a significant operational base in Worksop. Bakkavor also has a strong regional footprint, with facilities across the East Midlands.
In a statement, Bakkavor said: “There can be no certainty that any firm offer will be made. A further announcement will be made if and when appropriate. This announcement has been made with the consent of Greencore.”
