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Article: Premium Brands Inc. Announces Strategic Reorganization.
- Article from:
- PR Newswire
- Article date:
- May 16, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia, May 16 /PRNewswire/ --
Premium Brands Inc. (Toronto: FFF) announced today that it has entered into an agreement with Saskatchewan Wheat Pool ("SWP") to acquire 3,381,182 shares in the Corporation, representing the 41% control block of Premium Brands owned by SWP, for a total purchase price of $46.3 million. Pursuant to the transaction, the majority of SWP's shares in Premium Brands will be repurchased by Premium Brands. In addition, Raymond James Ltd., a full service investment dealer and financial advisor to Premium Brands, will purchase 292,099 of the SWP shares in Premium Brands for $4 million. The remaining shares of Premium ...