Greencore, Bakkavor shares gain on deal announcement, upgraded outlooks
Investing.com -- Greencore Group (LON:GNC) announced on Thursday that it has agreed to acquire U.K. fresh food producer Bakkavor Group PLC (LON:BAKK) in a deal valued at £1.2 billion ($1.59 billion). The deal was announced alongside both companies’ latest earnings reports, in which each raised its full-year outlook.