Greencore may still bid for Northern

Supermarket sandwich maker Greencore yesterday told shareholders it was still mulling over whether to launch a counter offer for former merger partner Northern Foods.

Greencore had agreed a tie-up with Goodfella's pizza and Fox's biscuits-maker Northern but the deal was scuppered when an offer by the owner of Harry Ramsden's fish restaurants, Ranjit Singh Boparan, was accepted by Northern's board ten days ago.

Dublin-based Greencore told its AGM that it is still considering its options and will make a further announcement in due course, even though ten days have now passed since Boparan made his offer.