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By Chris Bailey | Monday 15 October 2018
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I cannot really call it the luck of the Irish but sandwich supremo Greencore (GNC) seems to have got itself out of a potential hole with the announcement today that it is selling its entire US business to a US buyer for just under $1.1 billion. It calls it 'an immediate realisation of value' but given it spent £750 million two years ago to beef up an existing but undeveloped prior US position, this does not represent some hugely remunerative return...more a way to cut down its debt problem…
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