UK-based convenience food group Uniq has issued an update on the status of a takeover proposal made in October, saying a number of parties are still interested in buying the company.
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On 20 October the company confirmed press speculation that it had received unconnected approaches from two parties in respect of potential offers for Uniq. However, both proposals were rejected because Uniq’s board believed they undervalued the business and its prospects.
On 26 October, Uniq said it had received an enhanced takeover proposal that remained subject to “significant uncertainties” and due diligence.
“Since then a number of parties have continued to pursue their interest in acquiring Uniq,” the company said, adding that negotiations have not moved to the stage of any detailed discussion of offer price or to any due diligence by prospective buyers.
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