Ralcorp To Buy American Italian Pasta For $1.2B

Law360, New York (June 21, 2010, 1:29 PM EDT) -- Grocery goods giant Ralcorp Holdings Inc. announced Monday it had reached an agreement to gobble up American Italian Pasta Co. for $1.2 billion, or $53 per share.

In addition to agreeing to buy the Kansas City, Kan.-based pasta company, Ralcorp said Monday it had wrapped up its acquisitions of North American Baking Ltd., formerly known as PL Foods Ltd., a manufacturer of premium private label specialty crackers, for about $56.7 million, as well as gourmet cracker company J.T. Bakeries Inc. in a deal valued at about...
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