Activist Paulson reduces holding in Britain's Premier Foods

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07/10/2018 | 12:50 pm
John Paulson
(This July 9 story corrects filing to show Paulson reduced (not increased) stake)

(Reuters) - Paulson & Co has reduced its overall interest in Britain's Premier Foods Plc to just over 6 percent from 7.5 percent, the hedge fund firm led by billionaire investor John Paulson said on Monday.

The move comes ahead of a shareholder meeting next week which could determine the fate of Gavin Darby, chief executive of the maker of Oxo cubes and Mr Kipling cakes.

(Reporting by Sangameswaran S in Bengaluru; editing by Keith Weir)

Thomson Reuters 2018
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