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first_img whatsapp Share Tags: NULL Wednesday 22 December 2010 7:45 pm Boparan eyes Northern bid Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img Show Comments ▼ 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 writing to the company last week. Ranjit Boparan, the millionaire behind the interest, has hired Rothschild to advise on a possible offer. He has increased his shareholding in Northern Foods from less than three per cent to 6.6 per cent since the Greencore merger was announced on 17 November. The current merger represents a nil premium to shareholders, which several insiders said would likely be bettered if a rival proposal does emerge. Northern and Greencore both released statements reiterating their boards’ support for the existing deal to create a new firm, Essenta. An EGM to approve the deal is scheduled for 31 January. Northern Foods bounced up 4.1 per cent to close at 63p yesterday, while Greencore fell 6.5 per cent to €1.25. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute KCS-content last_img read more