ABF's Acquisition of Hovis Has Potential to Turn Bakery Business Profitable -- Market Talk
Dow Jones
Aug 15
0841 GMT - Associated British Foods's acquisition of bakery business Hovis will unlock significant synergies but is likely to get probed by regulators, Panmure Liberum analysts Anubhav Malhotra and Wayne Brown write. "While the deal would face regulatory scrutiny, precedents in similar industries do suggest an approval is possible as one company's survival is at risk," they write. ABF hasn't put a price on the deal but the analysts cite press reports giving a 75 million pound consideration. They add that a merger of ABF's Allied Bakeries with Hovis has the potential to turn the combined business profitable. ABF shares are down 0.2% at 22.69 pounds. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
August 15, 2025 04:41 ET (08:41 GMT)
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