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Northern Foods fight over for Greencore

By Daily Mail Reporter
Updated: 06:02 EDT, 10 March 2011

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The UK's biggest sandwich maker has said its pursuit of Northern Foods (down 1.50p to 72.75p) was over after it had been unable to trump a rival bid for the Fox's biscuits firm.

The withdrawal of Greencore leaves the path clear for Ranjit Boparan, the owner of harry Ramsden's fish restaurants, to land his £342m offer for the Goodfella's Pizza maker.

He also increased his stake in Northern to 13.61% yesterday.

Greencore, which makes own-label sandwiches for supermarket chains, spent several weeks working on a deal with an unnamed party.

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