Date set for Northern Foods deal

Ranjit Boparan yesterday published offer documents for his planned takeover of Northern Foods, setting the clock ticking for Greencore’s possible counter-offer.

BH Acquisitions, the vehicle used by convenience foods tycoon Boparan to advance on Northern, has given shareholders until 1pm on 2 March to accept his 73p per share cash offer. Boparan plans to remove Northern from the London Stock Exchange, the documents said yesterday, and recommended that investors take the certainty of a cash offer.