Greencore deadline to make firm bid for Bakkavor extended to May 9

(Sharecast News) - Convenience food group Greencore has been given an extension on the deadline to make a firm offer for rival Bakkavor until May 9 or walk away. The two companies on April 2 struck a £1.2bn deal after two previous approaches were rejected. However, Bakkavor on Friday said talks were still ongoing and requested the original April 11 deadline be pushed back to complete due diligence work.

Reporting by Frank Prenesti for Sharecast.com