The Board emphasised that the discussions were at a preliminary stage and there was no certainty that any offer would be made.
Such discussions were entered into with a view to establishing whether a proposal acceptable to the Board, which could then be put to shareholders, would be forthcoming.
Given the Board’s unanimous view on the strong underlying value of Greencore and the current dislocation in global equity and debt capital markets, both parties have agreed to end discussions. Accordingly, the Board can confirm that the company is no longer engaged in any discussions regarding a potential offer for the company.
Source: Greencore Group
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