Unigate renews Terranova attack

19 March 1999

Unigate renews Terranova attack

UNIGATE yesterday attacked its bid target Terranova Foods with the charge it was facing “an uncertain future” as a small independent company.

It said shares in an independent Terranova, for which it has bid £228.5 million, could return to pre-bid speculation levels.

Terranova rejected the bid as “opportunistic and inadequate” and its shares closed unchanged at 137p against Unigates 125p per share offer.

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