Ranjit Boparan has cleared the final hurdle in his pursuit of Northern Foods.
The chicken mogul’s offer for Northern became unconditional today after gaining regulatory approval for the £342m cash bid.
Writing to staff at the Goodfella’s pizza and Fox’s Biscuits maker, Boparan said: “I am delighted the acquisition is now absolutely certain and the two companies can start working together.
“Already I have visited nearly all Northern Foods’ locations and have had the opportunity to talk with a number of colleagues directly. The passion and dedication at every site has been simply brilliant and I’m looking forward to working with Northern Foods colleagues in the future.”
The company will be shortly be de-listed from the London Stock Exchange.
Boparan clinches shareholders’ backing to end Northern saga (24 March 2011)
Greencore is perplexed by offer rejection (12 March 2011)