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Nissin Foods Holdings

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It would be a surprise Premier Foods' under-fire CEO Gavin Darby is not re-elected at the UK group's AGM on 18 July but activist investor Oasis Management has brought to the fore concerns about the manufacturer's performance. The market will be watching closely if Premier moves forward under its current CEO.

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Three weeks after Premier Foods revealed McCormick & Co.'s interest in buying the UK group, its US suitor has, after seeing three proposed offers turned down, decided to walk away from the table. Premier insists it has a "strong future" as an independent company. Dean Best reflects on a tumultuous 21 days and considers what lies ahead for the Mr Kipling maker.

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Here just-food presents rolling coverage and analysis of the takeover interest in Premier Foods from McCormick & Co. Premier rebuffed three proposals from the US spices and seasonings group, while Japan's Nissin Foods Holdings, which outlined a "co-operation agreement" with the UK group in areas such as innovation and distribution, built a stake in the Mr Kipling maker. McCormick has decided against pursuing its interest in the UK group.

Gavin Darby, the CEO of the UK's Premier Foods, has survived an attempt to unseat him by activist investors.

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Premier Foods has said the company's largest shareholder, Japan's Nissin Foods Holdings, is to back the UK manufacturer's under-pressure CEO Gavin Darby when he is up for re-election next week.

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Oasis Management, the activist investor which is trying to unseat Premier Foods plc CEO Gavin Darby, has opened a new front in its battle with the UK food company.

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Oasis Management, the Hong Kong-based activist investor trying to unseat Premier Foods CEO Gavin Darby, is asking the UK manufacturer's largest shareholder, Nissin Foods Holdings, to abstain in his re-election vote.

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The UK's Premier Foods plc has this morning (15 January) sought to dampen weekend press speculation its Batchelors brand is to be sold to Japan's Nissin Foods Holdings.

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just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

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Shares in Nissin Foods, the Japanese instant noodle maker, fell on the first day of trading in Hong Kong after the company raised HKD904.4m (US$115.8m) in an initial public offering.

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Nissin Foods Holdings has reported rising first-quarter earnings, helped by the Japan-based group's domestic Myojo Foods processed food arm, as well as a rise in group sales.

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Nissin Foods Holdings has forecast a return to profit growth in its new financial year after the Japanese group saw its earnings decline in the previous 12 months.

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Japanese food giant Nissin Foods Holdings is to start manufacturing potato crisps at its China factory, aiming to use the popularity of its instant noodles range to score sales in the snacks sector.

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Nissin Foods Holdings' focus on international expansion and branding has enabled the Japan-based group to grow sales during the first nine months of its financial year but increased costs have weighed on the group's profitability. 

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Nissin Foods Holdings is working on plans to reduce the salt content of its Cup Noodles product sold in Japan to attract health-conscious consumers – but said it is too soon to say when or what the level of reduction might be.

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Nissin Foods Holdings has detailed plans to invest JPY57.5bn (US$500.5m) in the construction of a new production plant in Japan, its first new manufacturing facility in the country in twenty years. 

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Premier Foods plc today (15 November) outlined three ways in which the UK company and Japan's Nissin Foods Holdings will join forces in the coming months.

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Nissin Foods Holdings has reformulated its Cup Noodles brand in the US, reducing sodium, removing added MSG and removing artificial flavours. 

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Japanese snack maker Frente has announced plans to merge its four business units and change its name to Koike-Ya. 

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McCormick & Co. has dropped plans to make a takeover bid for Premier Foods plc, insisting the price the UK group's board wants is too high.

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Premier Foods today (6 April) revealed it has had "constructive discussions" with McCormick & Co., the US herbs and spices maker that has expressed interest in buying the UK group.

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US spice maker McCormick & Co. has returned with a higher proposed offer for Premier Foods, on the condition the Mr Kipling maker opens its books. 

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Premier Foods has turned down the latest proposed takeover offer from McCormick & Co. - but the UK group said it was prepared to meet and provide its US suitor with some due diligence.

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Nissin Foods Holdings, the Japanese noodle maker, has increased its stake in Premier Foods, the UK group that is a takeover target of US spices giant McCormick & Co.

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McCormick & Co. said today (24 March) it would consider making a higher offer for Premier Foods, the UK group that has so far rebuffed two takeover approaches, should the US spices and sauces owner be allowed to undertake some due diligence on the Bisto gravy maker.

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Premier Foods today (24 March) insisted its board would assess "improved proposals" to buy the Bisto gravy maker after rebuffing two approaches from McCormick & Co., the US spices and sauces maker, in the last month.

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Japanese food giant Nissin Foods Holdings has agreed to acquire a 17.27% stake in Premier Foods plc a day after the Mr Kipling owner revealed it has turned down two takeover approaches from US spice maker McCormick & Co. 

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McCormick & Co. today (23 March) insisted its proposal to buy Premier Foods - rebuffed by the Mr Kipling maker - "should be well received" by the UK group's investors.

The takeover interest in Premier Foods was a hot topic of conversation among delegates at the Consumer Analyst Group Europe conference today (23 March) - not least because the UK group pulled out of presenting at the event this afternoon.