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Jones Day, Faegre & Benson Advise on Food Industry Deal J.M. Smucker Co. has agreed to acquire International Multifoods Corp. for approximately $840 million, including approximately $340 million in debt. The cash and stock deal will add notable brands including Pillsbury and Hungry Jack to Smucker’s established portfolio of brand name products. Smucker, founded in 1897 and still family run to this day, has more than 2,700 employees and distributes their products to more than 45 countries. The deal gives Smucker many new brands that hold leadership positions in their categories or markets. In-house counsel for Smucker was M. Ann Harlan. Jones Day represented Smucker on the deal, led by partner William P. Ritchie and including partners, Patrick J. Leddy, Thomas A. Briggs, Rachel L. Rawson, Rory D. Lyons, Edward A. Purnell, Daniel C. Hagen; and associates Lisa K. Kunkle, Jennifer C. Lewis, Marc D. Browning, Paul T. Kostyack, Kimberly J. Pustulka, Wade R. Wagatsuma, Nicole D. Stanger, Julia Ann Love, Tom D. Smith, and Thomas A. Hamilton. Jones Day previously advised Smucker on its $670 million acquisition of the Jif peanut butter and Crisco cooking oil businesses from The Procter & Gamble Company. Davis Polk & Wardwell partner John D. Amorosi and associate Vladimir Shendelman are advising Greenhill & Co. LLC as financial adviser to Smucker. Faegre & Benson acted as counsel for International Multifoods. Lawyers on the deal included partners Philip S. Garon, Randy L. Gegelman, John K. Steffen, Paul S. Moe, Daniel C. Gerhan, Gary S. Weinstein, David M. Vander Haar, Samuel Rosenstein; and associates Carmen G. Pinkerton and Catherine P. Heaven. Simpson, Shearman Help With Acquisition of Hotel Company The Blackstone Group, a private investment firm, has agreed to acquire Extended Stay America Inc. in a deal valued at $3.1 billion. Blackstone will pay $1.89 billion and assume the remainder in debt and deal expenses. Extended Stay America operates 475 hotels and has been the fastest growing owned and operated hotel company since its founding in 1995. In 2001, Blackstone entered the extended-stay marketplace when it purchased Homestead Village Inc. for $740 million. The brand, now known as Homestead Studio Suites, owns and operates 132 extended stay hotels. With its purchase of Extended Stay America, Blackstone will have 607 extended stay hotels through both brands. There are currently no plans to rename the Extended Stay America properties. Simpson, Thacher & Bartlett was legal representation for Blackstone. Lawyers on the deal included partners Brian M. Stadler, Gregory J. Ressa, Scott Kobak, John C. Hart; associates Elena Centeio, Michael D. Morici, Robert A. Laplante, Sasan S. Mehrara, Jill McClure Allegretti, Isaac Erwin Dweck, Michael J. Rishty, Taryn D. Fielder, Alexander D. Benjamin, Rachel D. Birnbaum, Laurence M. Moss,Wendy M. Swary, Timothy J. Mulvihill; and counsel Adeeb R. Fadil. Bear Stearns & Co. Inc. served as Blackstone’s financial advisor. Bear Stearns, and Bank of America provided acquisition financing for the transaction. Shearman & Sterling represented Extended Stay on the deal. The team was led by partner John J. Madden and included partners Rohan S. Weerasinghe, John J. Cannon III, Don J. Lonczak, Andrew R. Schleider, John L. Opar, Jr., Maura E. O’Sullivan; associates Eliza W. Swann, Daniel P. Schafer, Scott Salmon; and counsel Alessandro C. De Giorgis. Morgan Stanley & Co. Incorporated served as financial advisor to Extended Stay America.

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