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Deutsche Bank raises Bakkavor price target amid Greencore acquisition proposal

Deutsche Bank has raised its price target for Bakkavor Group Plc to GBP2.00 from GBP1.70 while maintaining a Hold rating. This adjustment follows Greencore's proposed acquisition offer of 200p per share, valuing Bakkavor at approximately £1.2 billion, which includes cash, dividends, and shares. The deal would result in Greencore shareholders owning 56% of the combined entity, enhancing their presence in the food production sector.

hsbc bank discloses trading activity in greencore group securities

HSBC Bank Plc disclosed its dealings as an exempt principal trader related to Greencore Group plc on 19 March 2025. The bank sold 360 ordinary shares at prices ranging from 184.000 p to 184.400 p and increased a long position by 360 shares at 184.296 p. No indemnity or voting rights agreements were reported.
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