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Premier Foods says Japan's Nissin to take 17% stake

Friday, March 25, 2016 - 05:50

London

PREMIER Foods Plc, seeking to fend off an unsolicited takeover bid by US spice processor McCormick & Co, said on Thursday that Japanese instant noodle purveyor Nissin Foods Holding Co has agreed to buy a 17 per cent stake. Premier shares plunged.

Nissin will have the

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