McCormick and Company, Inc. Statement re Possible Offer for Premier Foods plc (0258V)

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RNS Number : 0258V

McCormick and Company, Inc.

13 April 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

FOR IMMEDIATE RELEASE

McCormick & Company, Incorporated announces that

it does not intend to make an offer for Premier Foods plc

SPARKS, MD 13 April 2016 - Further to the announcement by Premier Foods plc ("Premier Foods") on 30 March 2016, McCormick & Company, Incorporated (NYSE: MKC) ("McCormick"), a global leader in flavor, announces that it does not intend to make an offer for Premier Foods.

McCormick has completed its due diligence review of Premier Foods, which was conducted with the management of Premier Foods in an open and collaborative spirit. McCormick has, after careful consideration, concluded that it would not be able to propose a price that would be recommended by the Board of Premier Foods while also delivering appropriate returns for McCormick shareholders. Accordingly, McCormick has withdrawn its proposal to acquire Premier Foods.

This announcement is made in accordance with Rule 2.8 of the Takeover Code (the "Code"). As a result of this announcement, McCormick will, except in the circumstances set out in Note 2 on Rule 2.8 of the Code or otherwise with the consent of the UK Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 2.8 of the Code.

For information contact:

McCormick Investor Relations

Joyce Brooks (410-771-7244 or joyce_brooks@mccormick.com)

McCormick Corporate Communications

Lori Robinson (410-527-6004 or lori_robinson@mccormick.com)

Bell Pottinger

   Gavin Davis      07910 104660 
   Liz Morley        07990 003314

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. With $4.3 billion in annual sales, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry - retail outlets, food manufacturers and foodservice businesses. Every day, no matter where or what you eat, you can enjoy food flavored by McCormick. McCormick Brings Passion to Flavor(TM).

For more information, visit www.mccormickcorporation.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 13, 2016 02:00 ET (06:00 GMT)

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