IN BRIEF: Saga to replace Bakkavor on FTSE 250 after buy by Greencore
Saga PLC - Kent, England-based provider of products and services for people over 50 - FTSE Russell announces that Saga will return to the FTSE 250 index on Monday, replacing Bakkavor Group PLC, a London-based manufacturer of fresh prepared food, which supplies to the UK and the US, which is leaving the FTSE 250 that day. Bakkavor is being bought by Greencore Group PLC, a Dublin-based manufacturer of convenience foods supplied to British and Irish retailers, in a deal valued at GBP1.2 billion. Saga is returning to the FTSE 250, having been part of it from September 2014 until it left the index in June 2019 after a fall in its share price. Read More