date:Aug 24, 2012
(August 23) that it will receive 170M in cash plus 30M in Hain Celestial shares, with the cash being used to repay its debt mountain of 1.27bn.
Debt mountain
The sale includes the brands: Hartley's, Roberton's, Frank Cooper, Gales and Sun-Pat and the Histon factory where most are made.
Black and Shirley also noted that unlike most of its small- and mid-capitalised peers Premier does not offer the prospect of an income stream andis unlikely to do so for some time.
The sale, as with most of P