Spam Meets Skippy as Hormel Gobbles Up Unilever Unit with Cravath, Faegre Advising

Hormel Foods has agreed to pay Unilever $700 million to acquire its Skippy business, adding the well-known peanut butter name to a stable of food brands that already includes Spam and Dinty Moore. Cravath is advising Unilever on the deal, while Hormel has turned to Faegre Baker Daniels.

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