Telegraph article today26 Jun 2021 12:33
It’s about takeover targets in the UK…….
“Mr Penny said another target could be Premier Foods, owner of brands such as Mr Kipling and Ambrosia. “It has a price-to-earnings ratio – which measures how expensive shares are relative to profits – of 10, which is well below the stock market average,” he said. “There was recently a deal for Valeo Foods, which sells similar products. If Premier Foods is bought, shareholders could be in line for a 30pc to 60pc payoff.”