Premier Foods Agrees to Meet McCormick
Britain's Premier Foods agreed to hold talks with McCormick & Co after the U.S. company raised its takeover proposal for a second time.
McCormick raised its takeover proposal to 65 pence per share, aiming to break a stalemate after Premier refused its prior offers of 52 and 60 pence.
An acquisition of Premier Foods, one of the leading branded food companies in the United Kingdom, would be consistent with McCormick's long-term strategy and has the potential to create value for McCormick shareholders. Premier Foods offers seasonings, gravy and stock cubes, cooking and pasta sauces, dessert mixes and sweet treats under brand names including Oxo, Bisto, Sharwood's and Mr. Kipling's.
Read more here.
McCormick raised its takeover proposal to 65 pence per share, aiming to break a stalemate after Premier refused its prior offers of 52 and 60 pence.
An acquisition of Premier Foods, one of the leading branded food companies in the United Kingdom, would be consistent with McCormick's long-term strategy and has the potential to create value for McCormick shareholders. Premier Foods offers seasonings, gravy and stock cubes, cooking and pasta sauces, dessert mixes and sweet treats under brand names including Oxo, Bisto, Sharwood's and Mr. Kipling's.
Read more here.