Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

216.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 223.00
  • 52 Week Low: 130.00
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 230,373
  • Market Cap: £1,254.46m
  • RiskGrade: 195

Greencore and Bakkavor granted more time in £1.2bn takeover talks

By Abigail Townsend

Date: Friday 09 May 2025

LONDON (ShareCast) - (Sharecast News) - Greencore and Bakkavor have been granted more time to seal a £1.2bn takeover, the FTSE 250 convenience food makers confirmed on Friday.
Pre-packed sandwich specialist Greencore announced in early April that it had agreed in principle a 200p per share deal to acquire Bakkavor, one of the UK's biggest makers of fresh convenience food.

Under Takeover Panel rules, Greencore had until 11 April to carry out due diligence before either making a formal offer or walking away, a so-called put up or shut up.

The deadline was then pushed back to 9 May, and has now been extended once more to 1700 BST on 23 May.

In a brief statement, issued with the consent of Greencore, Bakkavor said it had applied for the extension "to allow time to continue discussions with Greencore regarding the other terms and conditions of the possible offer, including completion of mutual confirmatory due diligence to the satisfaction of Greencore and Bakkavor".

It added that there was "no certainty any firm offer" would be made.

Should the cash and stock deal go ahead, it will create a market-leading food group with combined revenues of around £4bn. Bakkavor's customers include Tesco, Marks & Spencer and Waitrose.

The 200p offer price represents a 32.5% premium to Bakkavor's closing share price on 13 March. Bakkavor had previously rejected an earlier 189p per share offer from Greencore.

As at 0900 BST, shares in Greencore were up 1% at 191p, while Bakkavor was trading 2% higher at 186.36p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bakkavor Group Market Data

Currency UK Pounds
Share Price 216.50p
Change Today 1.00p
% Change 0.46 %
52 Week High 223.00
52 Week Low 130.00
Volume 230,373
Shares Issued 579.43m
Market Cap £1,254.46m
RiskGrade 195

Bakkavor Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.58% below the market average84.58% below the market average84.58% below the market average84.58% below the market average84.58% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
92.48% above the market average92.48% above the market average92.48% above the market average92.48% above the market average92.48% above the market average
87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average
Income
20.44% above the market average20.44% above the market average20.44% above the market average20.44% above the market average20.44% above the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average
Growth
4.17% above the market average4.17% above the market average4.17% above the market average4.17% above the market average4.17% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bakkavor Group Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 12-Sep-24
Paid 28-May-25 11-Oct-24
Amount 4.80p 3.20p

Trades for 11-Jul-2025

Time Volume / Share Price
16:35 70,819 @ 216.50p
16:35 1 @ 216.50p
16:35 431 @ 216.50p
16:35 3,383 @ 216.50p
16:35 4,825 @ 216.50p

Bakkavor Group Key Personnel

CEO Mike Edward

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