Premier Foods Receives Offers For Its Vegetarian Food Business

Premier Foods Plc PRRFY received offers for its vegetarian food business. The company reported that it has received offers for its meat-free business, comprising Quorn. Premier Foods commented, "As stated at the time of its interim results on 4 August, the board remains open minded about disposals, provided they deliver shareholder value and accelerate the reduction of average net debt/earnings before interest, taxes, depreciation and amortization." The company will make further announcements, when additional information is available. Shares of Premier Foods surged more than 11% on the London Stock Exchange following the news. Read more from Benzinga's Company news.