Birds Eye's Fish Finger Brand Iglo to be Sold to Nomad Foods in US$2.8 Billion Deal
SEAFOODNEWS.COM [Financial Times] April 20, 2015
Iglo, the frozen foodmaker behind Birds Eye fish fingers, is poised to be acquired by Nomad Foods for €2.6bn, according to people familiar to the matter.
Martin E Franklin and Noam Gottesman, the consumer goods tycoons that set up Nomad a year ago, agreed to take over Iglo from private equity group Permira.The expected deal would be the latest transaction in a series in Europe as boardroom confidence grows in spite of the continent’s broader economy enduring a patchy recovery.
The deal, which could be announced as early as Monday in London, will be primarily funded in cash. Permira will retain a 9 percent stake in the company...
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