Offer values Sims shares at 55p
SIMS Foods is considering a 55p-a-share bid approach from a venture capital group.
The offer for the supplier of beefburgers, sausages and turkeys would give Sims executive directors an equity interest in the company.
Sims reported pre-tax profits up from 1.69 to 2.61p in the year to 31 March.
The company said the board was considering the approach.