Premier Foods to Meet McCormick, Seeking a Fourth Takeover Bid

Updated on
  • U.K. maker of cakes, gravy says 65 pence bid still is too low
  • Food company says it will give info to justify a higher price

Premier Foods Plc agreed to talks with McCormick & Co. after the U.S. spice processor raised its takeover proposal to 1.5 billion pounds ($2.2 billion), even as the British owner of Mr. Kipling cakes insisted that offer is still too low.

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