McCormick walks away from Premier Foods takeover
Published Wed, Apr 13, 2016 · 06:22 AM
[LONDON] US spice maker McCormick Foods walked away from its takeover proposal for British food company Premier Foods on Wednesday.
McCormick said in a statement that it had decided it would not be able to propose a price that would be recommended by Premier's board, while also delivering appropriate returns for its own shareholders.
Premier issued a statement noting McCormick's decision.
REUTERS
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