Finsbury Foods admits “potential offer” for sale of business

02 June, 2009

Finsbury Foods’ shares have shot up by around 5% following a preliminary approach regarding a potential offer for the company. However, the company moved to dampen speculation that a bid would be successful.

The cake manufacturer said the approach was “exploratory in nature and the directors believe that there is considerable doubt that an offer will be forthcoming from this party”.

A statement from Finsbury said a further announcement would be made in due course.

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