McCambridge takeover of Inter Link back on track

THE takeover approach by McCambridge to Inter Link Foods was back on track yesterday after it agreed to enter into a confidentiality agreement with the British company.

McCambridge, best known for its speciality breads, had threatened to withdraw its approach after Inter Link refused to let the company talk to its bankers.

McCambridge had accused British firm Inter Link of obstructing its attempts to conduct due diligence. The two companies engaged in a war of words on Tuesday with Inter Link saying it could not allow McCambridge to talk to its lenders without signing a confidentiality agreement.