Boparan told to put up or shut up over Northern takeover interest January 4, 2011 THE TAKEOVER Panel issued a “put up or shut up” deadline on food tycoon Ranjit Boparan yesterday over his interest in taking over Northern Foods. Boparan has until 21 January to make a firm bid for Northern, which is currently working with Irish convenience food maker Greencore on a merger that would create a company [...]
Greencore rejoins fight for Northern January 24, 2011 SHARES in Northern Foods rose 17.5 per cent yesterday following potential partner Greencore’s pledge to improve its merger offer. Greencore yesterday responded to Ranjit Boparan’s takeover bid for Northern by acknowledging “the importance attached…to the certainty of cash value” in the counter offer and promising to consider its own options. It is understood that Greencore [...]
The ex-butcher who knows how to cut it fine January 24, 2011 HAVING started his career in a butcher’s shop in Wolverhampton, Ranjit Singh Boparan has a lifetime of experience in food firms – and knows how to cut things fine. Boparan’s £342m bid for Northern came two hours after the Takeover Panel’s original deadline of 5pm on Friday, after he negotiated a last-minute extension with the [...]
Boparan races to prepare an offer for Northern before its takeover deadline January 17, 2011 CONVENIENCE foods tycoon Ranjit Boparan is gearing up to make an offer for Northern Foods ahead of his Takeover Panel deadline of Friday, a person familiar with the matter said yesterday. Boparan asked bankers at Rothschild to examine Northern’s books last month, and is racing to complete due diligence and make an announcement this week [...]
Northern Foods receives new approach December 22, 2010 Food manufacturer Northern Foods said it received an approach from food tycoon Ranjit Boparan, boosting its shares, although it reiterated support for a planned merger with Ireland’s Greencore. Responding to a media report, Northern Foods, the biggest maker of Christmas puddings, said that Boparan Holdings approached it on December 17 requesting information. However, it has [...]
Boparan eyes Northern bid December 22, 2010 NORTHERN Foods yesterday confirmed it had been approached by rival Boparan Holdings about a possible cash takeover offer, less than a month after it agreed to a merger with Irish food manufacturer Greencore. Boparan, the owner of Harry Ramsden’s restaurants and the biggest chicken producer in Europe, has been granted access to Northern’s financials after [...]
Boparan buys up Northern Foods shares January 25, 2011 BOPARAN Holdings built up its stake in takeover target Northern Foods to 11.4 per cent yesterday, after several large shareholders sold their stakes for Boparan’s 73p per share offer price. Boparan, which made its takeover bid on Friday night, said in a statement it had snapped up 22.4m shares to bring its total to 53.3m. [...]
Boparan buys up Northern Foods shares January 25, 2011 BOPARAN Holdings built up its stake in takeover target Northern Foods to 11.4 per cent yesterday, after several large shareholders sold their stakes for Boparan’s 73p per share offer price. Boparan, which made its takeover bid on Friday night, said in a statement it had snapped up 22.4m shares to bring its total to 53.3m. [...]
What the other papers say this morning January 4, 2011 FINANCIAL TIMES BOND SURGE ON BOTH SIDES OF THE ATLANTIC AS COMPANIES VIE FOR FUNDS Companies have embarked on an early-year rush to issue debt in an effort to beat rivals and secure financing before any rise in borrowing costs.The surge in bond issuance on both sides of the Atlantic on Tuesday came as equity [...]
Treasury Committee prepares to grill influential economists’ panel March 25, 2010 THE House of Commons Treasury Committee will next week begin taking evidence for its inquiry into the 2010 Budget. The influential group of MPs will grill chancellor Alistair Darling, who is set to appear on Tuesday along with chief economic adviser Dave Ramsden. But first on Monday economic experts including the Institute for Fiscal Studies’ [...]