US frozen-food firm Overhill Farms has confirmed it is evaluating a number of approaches over potential joint ventures, acquisitions or "other transactions".
Overhill revealed yesterday (13 August) it has received "expressions of interest" from "several parties", which remain unnamed.
The private-label frozen food group, which recently gained the licence to manufacture the Boston Market brand, said that it has appointed Piper Jaffray & Co to advise it on the best means to maximise shareholder value.
Shares in Overhill rose 16.83% on the New York stock exchange today, climbing to $4.65 per share at time of press.
Source:
http://www.just-food.com/news/overhill-farms-receives-approaches_id120159.aspx
