Premier Foods Plans Strategic Review, Announces Board Changes

Premier Foods says it will conduct a review of its strategic options for increasing shareholder value after discussions with its largest shareholders, according to a filing.

• Board changes are announced in connection with these discussions, with Daniel Wosner of Oasis Management Company Ltd rejoining the board, and Orkun Kilic of Paulson & Co Inc. joining too, both as non-executive directors
• Non-executive directors Ian Krieger and Jennifer Laing will be retiring from the board to facilitate the changes
• Board intends to remedy some areas of non-compliance with the U.K. corporate governance code arising from these changes “as soon as is practicable” ...