Betaville

RARE ALERT: AdvancePierre Food said to...

US-listed AdvancePierre Food Holdings could be involved in an M&A transaction in the near future.

People following the company noted rumours the business is likely to be involved in an "imminent" deal - although the precise nature of the transaction is unclear.

One person speculated a potential bidder for Advance Pierre Food Holdings, which specialises in making sandwiches, could be Hormel Food Corporation.

AdvancePierre Food Holdings, which floated last year, didn't respond to calls for comment...