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Share Price: 4,235.00

Bid: 4,220.00

Ask: 4,230.00

Change: 30.00 (0.71%)

Spread: 10.00 (0.237%)

Open: 4,225.00

High: 4,240.00

Low: 4,195.00

Prev. Close: 4,205.00

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Cranswick withdraws from process to buy pet food business

Thu, 17th Dec 2020 07:48

(Sharecast News) - Food producer Cranswick said on Thursday that it has withdrawn from the process to buy UK pet food business Inspired Pet Nutrition, which owns the Wagg and Harringtons brands.
The company had confirmed a day earlier that it was engaged in a process regarding a potential acquisition, following a Sky News report.

Broker Peel Hunt said: "This is not a surprise, as pet food is a hot space at present, and it is likely that private equity would see potential for greater returns than if looked at on an return on investment basis."

When it first reported the news on Wednesday, Sky said "several" private equity firms had also tabled offers for Inspired Pet Nutrition.

More News

30 Sep 2021 13:56

Britain facing mass cull of pigs due to butcher shortage

By James DaveyLONDON, Sept 30 (Reuters) - Britain's farming industry has warned that hundreds of thousands of pigs may have to be culled within weeks unless the government issues visas to allow more butchers into the country.An acute shortage of b...

29 Sep 2021 09:18

Barclays lifts Cranswick to 'equalweight' after de-rating

(Sharecast News) - Barclays upgraded Canswick to 'equalweight' from 'underweight' on Wednesday and lifted the price target to 3,500p from 3,200p as it noted that the shares have de-rated.

20 Sep 2021 09:42

UPDATE 3-UK meat industry warns of imminent supply threat from CO2 crisis

* CO2 shortage caused by closure of fertiliser plants* Meat industry needs CO2 for animal slaughter, packaging* Ocado reduces lines of frozen foods it can deliver* Soft drinks industry also short of CO2 (Adds comments from business minister, 2 Siste...

20 Sep 2021 09:42

UPDATE 2-UK meat industry warns of imminent threat to supplies from CO2 crisis

* CO2 shortage is caused by closure of fertiliser plants* Meat industry needs CO2 for animal slaughter, packaging* Ocado reduces lines of frozen foods it can deliver (Adds Ocado, Cranswick, updated BRC line, farmers union)By James DaveyLONDON, Sept ...

27 Aug 2021 17:24