Two shareholders criticised company behind Mr Kipling and Ambrosia, after it rejected offer from US firm McCormick
A row has erupted during a takeover bid for Premier Foods – the company behind brands including Mr Kipling, Batchelors and Ambrosia – after two of its biggest shareholders criticised the way Premier was handling the bid approach.
Standard Life, which owns 7% of Premier, urged the company to engage in talks with its suitor McCormick – a US company known for Schwartz dried spices and sauces – after it rejected its advances. Paulson & Co, which owns more than 7%, also wants Premier to talk to McCormick, and other possible bidders.
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