The bidder for Irish food group Greencore
Greencore, one of the biggest sandwich and ready-meal suppliers to Britain, received a potential takeover approach on Tuesday, sending its shares soaring.
CD&R, which the Sunday Times said is in detailed discussions about a takeover of the Dublin-headquartered group, hired former Tesco chief executive, Terry Leahy, as a senior adviser in March.
Greencore and CD&R were not immediately available for comment.
Greencore agreed to buy British rival Uniq for 113 million pounds in July, boosting its relationship with upmarket British food retailer Marks & Spencer
($1 = 0.624 British Pounds)
(Reporting by Lorraine Turner; Editing by Erica Billingham)