Terranova rejects £230m Unigate bid
TERRANOVA Foods, the fresh foods group demerged from Hillsdown Holdings last year, has rejected a bid from Unigate that would have valued the business at £230 million.
The offer was rejected “out of hand” by Terranova, although Unigate is expected to mount another offer.
Terranova last week reported a fall in operating profits from £27.3m to £25.3m.
- Terranovas first results as independent, FWi, 01 March, 1999
- The Independent 16/03/02/99 page 16
- Financial Times 16/03/99 page 26