Negotiation skill needed by Greencore?
The firm has been approached with a view to being taken over.
Greencore has seen its share price rise as speculation increases about a potential takeover.
Merger and acquisition consultants may be required to push any deal through, as the food industry looks on to see who the mystery suitor is.
The board released a statement regarding movement in share prices, which confirmed an approach for the firm has been made.
It added: "[We] would like to emphasise that the discussions are at a preliminary stage and there can be no certainty whether any offer will be forthcoming."
Clive Black, an analyst at Shore Capital, told the Daily Telegraph that he would expect the deal to be a managed buy-out.
He added the majority of own-label operators in the UK would not be able to afford to takeover Greencore, which employs 19,000 people across 19 different sites.
Expert sales negotiations could be required by interested parties if they want to get a good deal.
Posted by Ron Maverick
Source: Greencore press release, Daily Telegraph, Reuters, October 25th