Activist fund Oasis has candidates to replace Premier Foods top boss
Reuters
Published Jul 02, 2018 10:18
Updated Jul 02, 2018 10:40
Activist fund Oasis has candidates to replace Premier Foods top boss
(Reuters) - Activist investor Oasis Management said it has been approached by candidates for the position of Premier Foods' (L:PFD) chief executive, as it steps up its campaign against the firm's management.
Premier Foods has been under pressure to improve its performance since rejecting a 2016 takeover bid from U.S. food-maker McCormick (N:MKC) and Hong Kong-based Oasis wants to remove Chief Executive Gavin Darby.
"Oasis have CEO candidates who have approached us, have excellent skills and are available immediately," the investor said in an email on Monday.
Oasis, Premier's second-largest shareholder with a 9.3 percent stake, raised the heat on the owner of brands including Mr Kipling cakes, questioning Premier's board's culture after its own chairman Keith Hamill called some of the British firm's brands "weak cards".
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.