8 November 2000
Sara Lee abandons Matthews bid
By FWi staff
US food conglomerate Sara Lee has abandoned plans to buy the Bernard Matthews turkey empire, reports The Guardian.
This decision means that Mr Matthews looks likely to succeed in his 232 million bid to make the company private.
Mr Matthews said he was “delighted” at the news, and that his consortium looked forward to progressing with its bid.
It is believed Sara Lees bid was scuppered by its failure to capture the approval of shareholder Royal and Sun Alliance.
- Bernard Matthews to buy back firm, FWi, 17 May, 2000
- Bootiful profit for Matthews, FWi, 23 September, 1999
- The Guardian 08/11/2000 page 26
- Daily Express 08/11/2000 page 60