Notable Mergers and Acquisitions of the Day 5/14 (SJM/CAG, STJ/EPMD)
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StreetInsider.com Notable Mergers and Acquisitions of the Day:
- The J. M. Smucker Company (NYSE: SJM) today announced that it has acquired the Knott's Berry Farm(R) food brand from ConAgra Foods, Inc. (NYSE: CAG).
Terms of the deal were not disclosed.
The acquired business is expected to add approximately $40 million in annual net sales for Smucker. Production will be transitioned to Smucker's manufacturing facilities over the next four months.
- St. Jude Medical, Inc. (NYSE: STJ) and EP MedSystems (Nasdaq: EPMD) announced that the Boards of Directors of both companies have unanimously approved a definitive agreement whereby St. Jude Medical will acquire all of the issued and outstanding stock of EP MedSystems for $3.00 per share payable in a combination of cash and St. Jude Medical stock, for a total of approximately $92 million.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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