Please board don’t do a premier foods and immediately take a defensive strategy and come up with some half baked plan of why the bid is undervalued and it should be rejected.
Management have destroyed shareholder value with this stock. Anything over £1.30 needs to be carefully considered as to if it is in the best interest of shareholders to accept. If management reject it and then don’t deliver on the promises for the reasons why, it will not be forgotten. I have not forgotten premier foods!