HALISTER: McCormick Doesn’t Intend to Make Offer for Premier Foods

McCormick Doesn’t Intend to Make Offer for Premier Foods

(Bloomberg) -- McCormick concluded it wouldn’t be able to propose a price that would be recommended by the Premier Foods board while also delivering appropriate returns for McCormick shareholders.
  • Premier Foods says it sees a “strong future” as an independent co.
    • Says longer-term prospects will be enhanced by co- operation agreement signed with Nissin Foods
  • NOTE: April 11, McCormick May Raise Offer for Premier Foods by 11%, Survey Shows Link
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MKC US (McCormick & Co Inc/MD)
PFD LN (Premier Foods PLC)

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