July 9, 2018 / 11:58 AM / 5 months ago

Activist Paulson reduces holding in Britain's Premier Foods

FILE PHOTO: Boxes of OXO stock cubes are seen in this illustration taken March 30, 2016. REUTERS/Phil Noble/File Photo

(This July 9 story corrects filing to show Paulson reduced (not increased) stake)

(Reuters) - Paulson & Co has reduced its overall interest in Britain’s Premier Foods Plc (PFD.L) to just over 6 percent from 7.5 percent, the hedge fund firm led by billionaire investor John Paulson said on Monday.

The move comes ahead of a shareholder meeting next week which could determine the fate of Gavin Darby, chief executive of the maker of Oxo cubes and Mr Kipling cakes.

Reporting by Sangameswaran S in Bengaluru; editing by Keith Weir

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