BFG recommends offer, but it's not as much as they hoped for
The Big Food Group board of directors has agreed to recommend an offer by Baugur of 95p in cash per share. The offer is subject to Baugur and its investment partners receiving the go-ahead from their financing banks.

The announcement follows reports last Sunday that the retailer's chief executive Bill Grimsey was trying to get Baugur to offer 105p a share.

Baugur has until December 17 to formalise this offer.