Terranova boosts Unigate defence
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.TERRANOVA FOODS, the chilled food producer, bolstered its defence against the hostile pounds 228.5m bid from Unigate yesterday when it issued strong first- quarter profits. Reporting a 13 per cent rise in profits to pounds 3m for the three months to the end of March, Terranova said the company was well placed to deliver good underlying growth.
The company said these prospects were underpinned by strategic initiatives, including expansion in continental Europe. In Terranova's last chance to issue fresh information on the bid, Terry Stannard urged shareholders to reject it, saying: "Unigate is trying to win the company on the cheap."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments