Offer values Sims shares at 55p

14 May 1999

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.