William Blair & Company, Chicago, said it acted as exclusive financial advisor to Wenner Bread Products, Inc. in a recapitalization deal involving members of the bakery's founding family.
After it was rebuffed in private discussions, ConAgra went public to say it would like to buy Ralcorp for $86 per share in cash, or approximately $4.9 billion, plus the assumption of $2.5 billion in debt.
Frozen bakery and snacks leader J&J Snack Food Corp., Pennsauken, N.J., said it expects by the end of this May to buy ConAgra Foods' frozen hand-held products business.
Diversified frozen foods processor Rich Products Corporation, Buffalo, N.Y., said it purchased property in Lithonia, Ga., that includes a 189,000-square-foot food manufacturing facility.
Campbell Soup Company, Camden, N.J.., said it marked the 50th anniversary of its acquisition of Pepperidge Farm with a $50,000 donation to the Christian Community Action and the Open Door Shelter.