Pershing Square To Sell Entire Nomad Foods Stake ~ market folly

Wednesday, September 6, 2017

Pershing Square To Sell Entire Nomad Foods Stake

Nomad Foods (NOMD) today issued a press release stating that they were commencing an offering of 33.33 million shares from Bill Ackman's Pershing Square.

This means that Pershing is selling its entire stake in the company and will no longer be a shareholder.

For more from this hedge fund, we've also posted up Pershing Square's Q2 letter.

Per the press release, Nomad Foods is "a leading frozen foods company building a global portfolio of best-in-class food companies and brands within the frozen category and across the broader food sector. Nomad Foods produces, markets and distributes brands in 17 countries and has the leading market share in Western Europe. The Company’s portfolio of leading frozen food brands includes Birds Eye, Iglo, and Findus."

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