News: PFL Patties Foods enters scheme implementation deed with Australasian Foods Bidco

June 2 (Reuters) - Patties Foods Ltd (PFL) :

• Patties Foods Limited enters into scheme implementation deed (PFL)
• Patties has entered into a scheme implementation deed with Australasian Foods Bidco Pty
• Deal for $1.65 per share cash offer
• Patties directors unanimously recommend shareholders vote in favour of the scheme
• Under deed, proposed that bidco will acquire 100% of the share capital of Patties
• Says each director of Patties intends to vote all the Patties shares held or controlled by them in favour of the scheme