July 30, 2012 – LawFuel.com – Law Deals Daily – Unilever today announced that it has signed a definitive agreement for the sale of its North America frozen meals business to ConAgra Foods, Inc. for a total cash consideration of $265 million. Cravath, Swaine & Moore LLP represented Unilever in connection with this transaction. Unilever’s North America frozen meals business consists of a full range of premium, multi-serve frozen entrees and appetizers under the well-known Bertolli and P.F. Chang’s brand names. The transaction is subject to regulatory review and expected to close in the third quarter of 2012.
The Cravath team included partners Mark I. Greene and Peter S. Wilson and associates Kenneth S. Gerold and Isaac C. Beerman (corporate); partner Michael L. Schler and associates Joanne J. Lee and Edward A. McGehee (tax); associate Matthew Cantor (executive compensation and benefits); and senior attorney Annmarie M. Terraciano (environmental). Summer associates Paul Sandler and Michael Arnold also worked on corporate and tax matters, respectively.