Greencore share price jumps as Bakkavor takeover closes; GNC stock in focus ahead of Jan 29 update
Greencore shares rose 2% to 279p as 360 million new shares began trading in London after its £1.2 billion takeover of Bakkavor. Bakkavor was delisted, and its shareholders will receive cash, Greencore shares, and a contingent value right. Greencore now operates 36 sites with 28,000 employees. RBC Capital Markets raised its target price to 330p, citing expected cost synergies.
