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Birthday : 12/14/1955
Place of birth : New York (New York) - United States
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Biography : John Paulson is the boss of the investment fund Paulson & Co. founded in 1995. It’s thanks to...

Activist investor Paulson raises stake in Britain's Premier Foods

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02/01/2019 | 06:31am EDT

(Reuters) - Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has upped its overall interest in Britain's Premier Foods Plc to 11.9 percent, a regulatory filing https://reut.rs/2WyWn6J showed on Friday.

The activist investor's move comes a little over two months after the Bisto gravy and Oxo-cube maker said Chief Executive Officer Gavin Darby would be stepping down, following a shareholder revolt, led by activist hedge fund Oasis Management, that called for a management overhaul.

Darby stepped down as CEO on Jan. 31, 2019.

Paulson had urged Premier Foods to replace its top boss last year. Some investors had lined up against Darby, blaming him for a failed takeover bid by U.S. spice maker McCormick & Company Inc in 2016.

Japan's Nissin Foods Holdings Co Ltd is the largest shareholder in the Mr Kipling cakes maker with a stake of 19.6 percent, according to Refinitiv Eikon data.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)

Stocks mentioned in the article
ChangeLast1st jan.
DEERE & COMPANY 0.92% 221.97 Delayed Quote.28.11%
LETS HOLDINGS GROUP CO., LTD. 2.58% 10.72 End-of-day quote.77.48%
LOOK HOLDINGS INCORPORATED 1.99% 872 End-of-day quote.-30.35%
MCCORMICK & COMPANY -1.44% 189.96 Delayed Quote.11.92%
NEXT PLC -2.68% 6254 Delayed Quote.-10.89%
NISSIN FOODS HOLDINGS CO.,LTD. 0.30% 9960 End-of-day quote.22.66%
PREMIER FOODS PLC 3.89% 92.3 Delayed Quote.139.89%
PREMIER, INC. -2.57% 31.07 Delayed Quote.-17.98%
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