14 May 1998
Hillsdown bid speculation takes hold in City
FOOD group Hillsdown was at the centre of takeover speculation, when nearly 2% of its stock was traded yesterday.
Geest and Northern Food were named as possible buyers of its chilled food business.
Hillsdown announced last week that it planned to split itself into three. Some analysts think Hillsdown could be bid for as a whole, while others believe it is more likely that it will succumb before – or shortly after – the planned demerger takes place.
The shares ended up 7p on the day to close at 181p.
- Hillsdown to sell fowl business, FWi, 12 May — Click here
- The Times 14/05/98 page 30 (Stock Market)