Unigate lifts bid for Terranova

29 April 1999

Unigate lifts bid for Terranova

UNIGATE has raised its cash offer for Terranova from 125p a share to 150p, making it odds-on to win control of the prepared foods business.

Unigate also revealed that it had secured a promise from Phillips & Drew (P&D), the pension fund manager, to support its new offer.

P&D speaks for 13.1% of Terranova.

Unigate has also made the result virtually a foregone conclusion by raiding the market to acquire a 29.9% stake in Terranova.

• Terranova responds to Unigate bid, FWi, 27 April, 1999
• Terranova attempts to resist Unigate, FWi, 26 April, 1999
• Unigate renews Terranova attack, FWi, 19 March, 1999
• Terranova rejects £230m Unigate bid, FWi, 16 March, 1999
• Terranovas first results as an independent, FWi, 11 March, 1999
  

• The Times 29/04/02/99 page 27
  
• The Independent 29/04/02/99 page 16 (Briefing), 17 (Outlook)
• Financial Times 29/04/99 page 28 (Lex), page 29
  
• The Guardian 29/04/99 page 26
  
• The Daily Telegraph 29/04/99 page 39