Monday, April 2, 2007

JM Smucker to buy Eagle Family Foods for $133 mln

(Reuters) - April 2 - J.M. Smucker Co. said it agreed to acquire Ohio-based, privately held Eagle Family Foods Holdings Inc. for about $133 million in cash, looking to boost its presence in the baking aisle of supermarkets.

The deal values the largest U.S. producer of sweetened condensed and evaporated milk at about $248 million, including $115 million in debt, Smucker said.


Read more at Reuters.com Bonds News

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