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UK: Premier Foods CEO Darby Quits After Shareholder Revolt

Stock Market Quotes and News

(Reuters) - The chief executive of Oxo-cube maker Premier Foods is stepping down under pressure from an activist investor after failing to halt a share price slide since a proposed takeover fell through two years ago. The company also said on Tuesday it was in talks to sell its Ambrosia rice pudding and custards brand to cut a debt pile that exceeds 500 million pounds and laid out plans to speed up investments in marketing and high-return capital projects...

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