Premier, Fending Off McCormick, Says Nissin to Take Stake

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  • Japanese noodle maker to buy 17% of shares, get board seat
  • Buyout firm Warburg Pincus, holder of 17% stake, confirms sale

Premier Foods Plc said Japanese instant noodle purveyor Nissin Foods Holding Co. agreed to buy a 17 percent stake as the British owner of Mr. Kipling cakes seeks to fend off an unsolicited takeover approach from U.S. spice processor McCormick & Co.

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