date:Jan 14, 2014
US-based private equity firm Gores is believed to be in talks with Premier Foods to buy the latter's stake in Hovis division.
Premier Foods is reportedly struggling to overcome a 1.3bn debt, which includes a pension deficit.
In November 2012, the company hired Ondra Partners to search for outside investors for the bread unit.
Gores is thought to have come up with a bid to acquire the Hovis division that could outweigh proposals from Sun European Partners and PAI Partners.
In October, Premier