Mergers and Acquisitions

Lance, Inc. (Nasdaq: LNCE) and Snyder’s of Hanover, Inc. today announced they have signed a definitive agreement to combine in a stock-for-stock merger of equals that will create a combined company to be called Snyder’s-Lance, Inc.

Lance Inc., the maker of Cape Cod potato chips and Stella D’oro cookies, agreed to merge with pretzel maker Snyder’s of Hanover Inc. to improve distribution of the companies’ snacks.Lance investors will receive a one-time dividend of $3.75 a share, the...

Reuters reports that private equity firms Blackstone Group LP (BX.N) and PAI Partners are considering selling Britain's United Biscuits for more than 2 billion pounds ($3.06 billion). Reuters refers to a person familiar with the matter.   Blackstone an...

CKE Restaurants Inc. said late Wednesday that its shareholders approved the proposed $1 billion buyout by affiliates of Apollo Management VII LP.Valued at USD 1 billion, Apollo’s bid beat out an earlier offer valued at about $928 million by private-equ...

Michael Foods, Inc. announced today that its parent, Michael Foods Group, Inc. (formerly M-Foods Holdings, Inc.) closed a previously announced transaction under which its owners, affiliates of Thomas H. Lee Partners, L.P. (“THL”) and certain current an...

Corn Products International, Inc. (NYSE:CPO), a leading global provider of ingredient solutions for diversified industries, announced today that it has entered into a definitive agreement to acquire National Starch, a New Jersey-based global provider o...

Wendy’s/Arby’s Group Inc., the third-largest U.S. fast-food company, has become a stock takeover target, according to a filing made with the U.S. Securities and Exchange Commission (SEC). Chairman Nelson Peltz advised the SEC that he had received an in...

NZX-listed meat processor Affco is the target of a full takeover bid by its largest shareholder, Talley's Group, which has agreed to buy out the next-biggest investor, raising its stake to 76 per cent.Talley's, which owned 53 per cent has reached an ag...

ConAgra Foods, Inc. (NYSE: CAG) announced today that it has agreed to acquire the assets of American Pie, LLC, based in Woodbury, N.Y. American Pie manufactures frozen fruit pies, thaw and serve pies, fruit cobblers and pie crusts under the licensed Ma...

ConAgra Foods, Inc., announced today that it has reached an agreement to sell its Gilroy Foods &Flavors dehydrated and vegetable product operations to Olam International for $250 million, subject to final working capital adjustments. The seasoning ...

Buyout firm Palladium Equity Partners is exploring a sale of Wise Foods, the maker of Cheez Doodles and Wise potato chips, according to two people with knowledge of the matter.Palladium has hired investment bank Piper Jaffray Cos. to find potential buy...

Michael Foods, one of the largest players in the U.S. egg industry, is being sold by one private equity owner to another. The buyer is the private equity arm of Goldman Sachs, the companies said Friday, in a deal that values Michael Foods at $1.7 bill...

On the heels of the buyout news from Rubio’s Restaurants Inc., Keybanc Capital Markets analyst Brad Ludington has offered up three possibly tantalizing meals for the next hungry private-equity firm. Ludington said in a report Wednesday that he is con...

PinguinLutosa and the CECAB Group have started exclusive negotiations in order to integrate the activities of D’Aucy Frozen Foods (deep-frozen vegetable branch of the CECAB Group) into PinguinLutosa, number two in Europe in the deep-frozen vegetable se...

Lamb Weston / Meijer and RWA announced today that Lamb Weston/Meijer has signed an agreement to acquire 74% of the shares in Frisch &Frost Nahrungsmittel GmbH based in Hollabrunn, Austria.Current owner RWA will keep the remaining shares. Both parti...

Wright Machinery Ltd, a manufacturer of Food processing and packaging equipment located in the United Kingdom, is offered for immediate sale by its administrators, Wyles Hardy and Co.   Wright Machinery Ltd is a subsidiary of PPM Technologies Inc. In t...

ConAgra Foods, Inc. (NYSE: CAG) announced today that it has acquired Elan Nutrition, a privately-held formulator and manufacturer of snack and nutrition bars based in Grand Rapids, Mich. Financial terms of the transaction, which closed today, were not...

The rival buyout offer received by CKE Restaurants Inc. this week was from private-equity firm Apollo Management, Reuters reported Thursday.   CKE, the Carpinteria, Calif.-based parent to the Carl’s Jr. and Hardee’s chains, has until April 27 to evalua...