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McCormick to raise $500 million in public stock offering

McCormick & Co. Inc. on Monday said it would sell shares of its stock to raise $500 million that it would use to help pay for its recently-announced $4.2 billion acquisition of Reckitt Benckiser Group Plc. McCormick's assumed offering price of $94.51 per share, which was the stock's closing price on Aug. 4, means the company ...

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