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Activist Paulson Reduces Holding In Britain's Premier Foods

Paulson & Co has reduced its overall interest in Britain's Premier Foods Plc to just over 6% from 7.5%, 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.

The meeting on 18 July could determine the fate of Gavin Darby, chief executive of the maker of Oxo cubes and Mr Kipling cakes.

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