Business
Freedom Foods hives off cereals unit, drops name – The Australian Financial Review
The troubled company will pocket cash proceeds of $11 million from the sale, which will allow it to focus on the dairy and nutritionals and plant-based beverages…
Freedom Foods will still aim to sell its canned seafood businesses as part of its revamp plans.
The Freedom Foods name will stay with the cereals brand, but a corporate name change will allow it to distance itself from its chequered recent history.
The stock last traded in late June. On Wednesday it extended its trading suspension for a second time until January as it tries to hammer out terms for its recapitalisation with Oaktree Capital Management.
On November 30, Freedom Foods gave a full-year…
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