With all the mention of Freedom Foods in this thread, I notice the latest news on the Australian, probably all coincidence:
https://www.theaustralian.com.au/business/trading-day/trading-day-asx-to-open-higher-ahead-of-jobs-data-myefo/news-story/cb022ca58e8329b3d028c2c036f88a6a?keyevent=10.18amFreedom sells cereals, snacks to Arnott’s
The embattled Freedom Foods Group has announced the sale of its cereal and snacks operations to The Arnott’s Group.
The sale, flagged byThe Australian’s DataRoom, comes after the diversified foods business last month announced almost $600m in writedowns and impairments.
It said then was reviewing all strategic options for the cereal and snacks business – the market-leading producer of allergen-free and healthy breakfast cereals and snacks.
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The Arnott’s Group was carved off from US giant Campbell Soup Company last year and is owned by private equity firm KKR.
Trading Halt, page-127
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