Premier Off to a Flyer As City Waits On Virgin

Evening Standard - London › July 20, 2004

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Summary

BRANSTON pickle-to-Typhoo tea group Premier Foods has successfully floated on the stock market for a bargain basement Pounds 527 million. But worries still remain for tomorrow's market debut from Sir Richard Branson's Virgin Mobile.

Premier's venture capitalist owners last night slashed the price of shares to just 215p from an original range of 230p to 260p in order to sell the float to wary institutional investors.

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Premier Off to a Flyer As City Waits On Virgin

Demand at the lower price was strong enough for private equity firm Hicks Muse Tate Furst to sell an extra 20% of its stake i...

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