Premier Foods ‘too small’ for institutional investors
The unnamed analyst said Premier Foods was no longer of interest and he had stopped following its fortunes.
“Unless there is a many-fold increase in share price, Premier Foods will remain off the investment radar of most big institutional investors. Its market capitalisation is too small now,” he said.
Under the hammer next
Meanwhile, interest is focusing on which Premier brands will be sold next after the troubled food giant disposed of its vinegar and sour pickles business last week. To read which Premier business might go under the hammer next, click here.
Premier was itself identified as a possible acquisition target for China-based Bright Foods recently, after its purchase of Weetabix. To read more, click here.
