Europe, UK, Ireland, Trade/Markets/Prices, Trends

British potato company agrees to £52.95mln cash takeover offer

One of the UK’s leading potato producers Produce Investments PLC has agreed to around a £52.95mln recommended cash takeover offer from a Jersey company ultimately owned and controlled by funds managed by Promethean Investments LLP. The AIM-listed group said April 1983 Bidco Limited is offering 193p in cash for each Produce Investments share, around a 35% premium to the stock’s 142.50p[Read More...]

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