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Share Price: 4,475.00

Bid: 4,470.00

Ask: 4,485.00

Change: 30.00 (0.67%)

Spread: 15.00 (0.336%)

Open: 4,355.00

High: 4,475.00

Low: 4,340.00

Prev. Close: 4,445.00

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Cranswick Withdraws From Acquisition Of Inspired Pet Nutrition

Thu, 17th Dec 2020 11:34

(Alliance News) - Cranswick PLC on Thursday confirmed its withdrawal from the acquisition process for Inspired Pet Nutrition Ltd.

On Wednesday, the FTSE 250-listed meat producer said it was engaged in talks to potentially buy the UK pet food business.

At the time, Cranswick said: " In line with the company's stated long-term growth strategy to expand its product offering through further diversification, Cranswick regularly considers acquisition opportunities. If successful, the group's current intention is to part-finance the acquisition via an equity placing of less than 10% of issued share capital to investors."

No reason was given for the cancellation of the purchase.

Shares in Cranswick were trading 0.1% lower at 3,540.00 pence each on Thursday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

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Cranswick Withdraws From Acquisition Of Inspired Pet Nutrition

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