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 ...

To purchase a reprint of this article, contact reprints@thedailyrecord.com.