Greencore prices £509m buyback at 195p a share
Britain's biggest sandwich maker Greencore on Thursday said it would pay 195p a share to shareholders as part of already announced £509m buyback.
Food Producers & Processors
7,605.79
17:14 18/04/24
1.84%
137.67
FTSE 250
19,450.67
17:14 18/04/24
n/a
n/a
FTSE 350
4,334.00
17:14 18/04/24
n/a
n/a
FTSE All-Share
4,290.02
16:54 18/04/24
n/a
n/a
Greencore Group (CDI)
129.80p
16:35 18/04/24
0.46%
0.60p
The company in October sold its entire US business to Hearthside Food Solutions for $1.07bn and pledged to return the cash to shareholders.
The tender price represents a premium of 17.5% to the closing price of 166p on December 19 and 11.9% to the volume weighted average price over the month to the same date.