date:Jun 30, 2012
proceeds of the transaction were expected to be used to reduce net debt. But it would also offer the flexibility to pursue the UK acquisitions predicted by Shore Capital yesterday.
Transformationaleffect
Describing the sale as having atransformationaleffect on the balance sheet,Panmure Gordon upgraded its hold recommendation to buy and increased its price target to 385p.
Shore Capitals Clive Black and Darren Shirley said after the disposal Dairy Crestwill be a focused UK operator seeking to