Kerry Group to go into the Bread Business ?

It`s been reported that Kerry Group is to add a bread business to its holdings. It is thought that the group has made a hostile bid to take over Greencore`s bread business, Rathbones. It is understood that Greencore will sell the bread business if a buyer is found. However, there was no confirmation of a bid at Greencore’s annual general meeting. Greencore Chairman Ned O’Sullivan and Chief Executive David Dilger both refused to comment on the suggestion.