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Premier update ahead of talks with shareholders

06 April 2016 16:19

Premier Foods has issued an update following its announcement last week regarding the revised proposed offer by McCormick & Company at an indicative price of 65p in cash per Premier share.

Over the next few days, Premier is scheduled to meet its main institutional investors to provide them with further insight into the business, including the value creation potential of the company's new strategic initiatives, and to engage with them more generally.

A copy of the presentation that will be used in these meetings has been posted to our corporate website: www.premierfoods.co.uk

Premier's senior management has made detailed presentations to McCormick's senior team regarding Premier's business and, in particular, the value creation potential of the new strategic initiatives outlined in Premier's announcement of 23 March.

Premier and its advisers have also had detailed discussions with McCormick and its advisers regarding Premier's pension plans.

The discussions between McCormick, Premier and their respective advisers have been constructive.

At 4:19pm:

(LON:PFD) Premier Foods PLC share price was +1.5p at 57p

Story provided by StockMarketWire.com

Related Company: PFD

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