Hate to say it, but PF is not a takeover target yet. It will be one sometime next year and the SP will rise very strongly at that time. Unfortunately, most on this BB will have sold up by then, thinking the SP has reached a peak. This is eventually how so many people, including me are going to get caught out!!!
Hormel Foods Corporation (NYSE:HRL) are weighing up a takeover of Uk based Premier Foods (LON:PFD).The corporation have been keen for some time to find a foothold in the Uk & Eu markets and senior company executives believe a bid for Premier Foods would fit the bill across a number of fronts.Hormel,who are best known for brands such as the iconic 'Spam' and 'Skippy' have been steadily growing their business and portfolio over recent years and are now in a position to be more aggressive in terms of acquisition and takeovers.One analyst connected to the company revealed that steps are now underway for what he termed 'bolt on acquisitions' to be made swiftly.Premier Foods are best known for brands such as 'Oxo' and 'Mr Kipling' in the Uk,and employ around 4000 staff.
For anyone interested in this thread. The following was the latest feedback from Sainsbury, so hopefully when these are in store, then a few more quid to the sales. ----- Thanks for your email. I'm sorry you are disappointed with the news. Be rest assured I have made a request for these products for our buying team to take into consideration.
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