Business
update ahead of shareholder discussions
update ahead of shareholder discussions.
About this update from Premier Foods Plc
[{"type":"text","content":"\n \nRNS Number : 4056U Premier Foods plc 06 April 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART), IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A TAKEOVER OFFER OR AN OFFER OF SECURITIES.\n \n6 April 2016\n \nFor immediate release\nPremier Foods plc\n \nPremier Foods plc issues update ahead of shareholder discussions\n \nThe Board of Premier Foods plc (\"Premier\" or \"the Company\") is today providing an update following its announcement last week regarding the revised proposed offer by McCormick & Company, Inc. (\"McCormick\") for the Company at an indicative price of 65 pence in cash per Premier share.\nOver 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\nPremier'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.\nThe discussions between McCormick, Premier and their respective advisers have been constructive.\nIn accordance with Note 3 to Rule 2.5 of the Takeover Code, this announcement is being made by Premier without the prior agreement or approval of McCormick. There can be no certainty that any offer will be made nor the terms on which any such offer might be made.\n<ends>\n \nFor further information please contact:\nPremier Foods plc  ...