Takeover target McPherson’s is under pressure to issue profit guidance when it releases the outcome of an operational review next month after Ruffy Geminder’s Kin Group labelled its response to a $172 million takeover offer “underwhelming and uninformative”.

In a 48-page target statement released on Thursday, McPherson’s chairman, Graham Cubbin, urged shareholders to sit tight until the findings of the review, aimed at identifying and prioritising growth opportunities and reversing a five-year decline in sales and earnings, are released in May.