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UK's Premier Foods agrees to talks after McCormick's latest bid

UK's Premier Foods agrees to talks after McCormick's latest bid

McCormick & Co. is trying to pull off its largest acquisition ever and expand its global footprint, extending a $2.2 billion takeover proposal on Wednesday for a British company that makes cake mixes, gravy and rice pudding.

The Sparks-based spice maker has been rebuffed twice by Premier Foods, but under pressure from shareholders, the U.K. food manufacturer indicated it would be willing to discuss the latest offer, which includes Premier debt.

McCormick executives met with hundreds of shareholders for its annual meeting at the Valley Mansion conference center in Cockeysville on Wednesday, but much of the action with its takeover bid occurred offstage. While executives...

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