McCormick & Company willing to give $2.2 billion for Premier FoodsStaff writer ▼ | March 30, 2016
McCormick & Company is raising its offer for the U.K.’s Premier Foods to 65 pence a share.
Acquisition 65 pence per Premier Foods share
It comes a week after Premier spurned McCormick’s first two offers in favor of a looser cooperation agreement with Japanese snack-maker Nissin Foods Holdings.
Nissin subsequently cemented its part of the deal by agreeing to buy a 17.27% stake in the company from private equity house Warburg Pincus.
Private shareholders have voiced concerns that the board may have discriminated against McCormick in an effort to stay independent. ■