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Greencore plans to buy U.S. firm Peacock for $747.5 mln

November 15, 2016

Via: Reuters

Irish-based Greencore Group said on Monday it planned to buy U.S. convenience food manufacturer Peacock Foods for $747.5 million in a bid to transform its U.S. business.

Greencore, which is listed in London, said it would buy the business on a debt free and cash free basis, backed by a fully underwritten rights issue offered to qualifying shareholders.

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