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Premier Foods says ready to enter into talks with McCormick

Published 30/03/2016, 13:30
© Reuters. A can of Old Bay Seasoning is seen in this illustration taken at a home in Adelphi, Maryland
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LONDON (Reuters) - Premier Foods (L:PFD) said it will hold meetings with its suitor McCormick (N:MKC), after the U.S. spice maker raised its takeover proposal for the second time.

© Reuters. A can of Old Bay Seasoning is seen in this illustration taken at a home in Adelphi, Maryland

Premier Foods said on Wednesday the revised offer of 65 pence per share, still undervalued it, but it would discuss "value drivers, a review of material pensions documentation, current trading and material contracts, and so to establish whether McCormick will increase its offer price to a recommendable level".

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