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Smithfield Foods Inc., Smithfield, Va., announced June 27 it signed an agreement to acquire the European meats business of Sara Lee Corp. for $575 million, plus the assumption of pension liabilities.(MERGERS & ACQUISITIONS)(joint venture with Oaktree Capital Management L.L.C.)(Brief article)
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Food Processing
- Article date:
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August 1, 2006
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Copyright informationCOPYRIGHT 2006 Putman Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Smithfield Foods Inc., Smithfield, Va., announced June 27 it signed an agreement to acquire the European meats business of Sara Lee Corp. for $575 million, plus the assumption of pension liabilities. Smithfield said it will finance the acquisition through a 50 ...
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