date:Apr 04, 2014
51% controlling stake in the joint venture, of which 15 million is deferred and contingent on future business performance. As a result, the transaction values the Bread business at an enterprise value of 87.5 million, including 28.7 million of working capital that will be retained by Premier Foods. Premier Foods and The Gores Group have further agreed to invest a combined 45 million in the business in proportion to their respective holding in the form of loan notes, of which 32 million will be