Simmons Pet Food acquired Menu Foods Ltd., the operating subsidiary of Menu Foods Income Fund.
Under the agreement, Simmons Pet Food will acquire Menu Foods Ltd. for approximately US$239 million, including assumption of existing debt. The transaction must be approved by two-thirds of the votes from the Fund's unitholders. A vote is expected to take place at a special meeting in September, with the final closing expected early in the fourth quarter of 2010.
