Iglo, Pinnacle Discuss Tie-Up of Birds Eye Brand, Telegraph Says
Iglo Foods Group Ltd., the owner of Birds Eye Foods Inc. in Europe, and Pinnacle Foods Finance LLC, which owns the U.S. rights to the brand, have held talks on a potential 5 billion-pound ($7.9 billion) alliance, the Sunday Telegraph reported, without saying where it got the information.
Iglo Chief Executive Officer Martin Glenn has held meetings with his counterpart at Pinnacle, Bob Gamgort, ahead of a June 21 deadline for the sale of Iglo, the newspaper said.
To contact the reporter on this story: Abigail Moses in London at Amoses5@bloomberg.net
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