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McCormick walks away from Premier Foods takeover

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Published Wed, Apr 13, 2016 · 06:22 AM

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    [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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