Premier Foods Plc. (PFODF)

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Premier Foods (PRRFY) had jumped 42% to 44.75 pence by mid-morning in London after the company said it had rejected two takeover proposals from McCormick (MKC - Get Report) , with the most recent pitched at 60 pence per share. It said it is instead pursuing a cooperation agreement with Japan's Nissin Foods Holdings. Under U.K. takeover rules, McCormick must now by April 20 either formalize its bid or publicly bow out.