Pet Food News
on September 28, 2010

Menu Foods unit holders approve Simmons Pet Food takeover

Acquisition of Simmons signifies end of Menu Foods' financial struggle

Unit holders of Menu Foods Income Fund approved a US$239 million takeover offer from Arkansas USA-based Simmons Pet Food Inc.

According to Menu Foods, 99.94% of its units and special trust units voted to approve the deal, which is expected to close in early November pending regulatory approvals. Following a massive petfood recall three years ago involving Menu Foods, the company put itself up for sale after a strategic review earlier this year. The acquisition of Simmons Pet Food marks the end of Menu's struggle to overcome the tainted petfood recall.
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