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Premier Foods, The Gores Group to create a JV for producing bread

( January 27, 2014, 16:09 GMT | Official Statement) -- MLex Summary: Premier Foods announced its plans to create a joint venture with The Gores Group to operate its bread business. According to the terms of the deal, Gores will pay 30 million pounds for a 51 percent controlling stake in the new venture.The deal is subject to competition approval from the European Commission and the companies expect to close the transaction in the second quarter.The full statement follows:...

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