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Bids, Mergers and Takeovers

McCormick not to make offer for Premier Foods

13 April 2016 07:20

McCormick and Company said it does not intend to make an offer for Premier Foods, having completed due diligence.

McCormick said that, after careful consideration, it had decided it would not be able to propose a price that would be recommended by the Premier Foods' directors and also give appropriate returns for McCormick shareholders.

Premier Foods commented: "The Board sees a strong future for an independent Premier Foods, and believes that the foundations have been laid for significant growth and shareholder value creation."

Story provided by StockMarketWire.com

Related Company: PFD

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