Nomad Foods, parent of Birds Eye, Iglo and Findus frozen food businesses, is looking to buyback $500 million (€422.3 million) of its stock through a “modified Dutch auction” tender offer as it continues to pursue targeted frozen food acquisitions.
What is a "modified Dutch auction" tender?
A “modified Dutch auction” tender offer allows shareholders to indicate how many shares of common stock and at what price within the range described above they wish to tender their shares.
The tender offer to shareholders is for the purchase with cash up to $500 million (€422.3
