Hormel Foods has agreed to pay Unilever $700 million to acquire its Skippy business, adding the well-known peanut butter name to a stable of food brands that already includes Spam and Dinty Moore. Cravath is advising Unilever on the deal, while Hormel has turned to Faegre Baker Daniels.
Spam Meets Skippy as Hormel Gobbles Up Unilever Unit with Cravath, Faegre Advising
The Am Law Daily
January 3, 2013
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