15.11.2016 20:04:00
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Peacock Engineering Company, LLC -- Moody's Places Peacock's Ratings on Review for Upgrade
New York, November 15, 2016 -- Moody's Investors Service today placed the ratings of Peacock Engineering Company, LLC on review for upgrade. This follows Greencore Group plc's announcement that it plans to acquire Peacock for an enterprise value of $748 million. Greencore Group supplies convenience foods to retail and food service businesses in the UK and US. Moody's expects Peacock's debt to be repaid as part of this transaction. Therefore, Moody's also anticipates withdrawing Peacock's ratings when the transaction closes.