The deal includes most products under the Planters brand, including single variety and mixed nuts, trail mix, Cheez Balls, Cheez Curls and Nut-rition products. It also includes the Corn Nuts brand.
While Wall Street’s broader indexes fell sharply on Monday, investors turned to some consumer companies as they bet on stock-piling of household goods.
Last Tuesday, Pilgrim’s Pride Corp. (PPC) said it was willing to pay $45 per share to acquire Jimmy Dean sausage maker Hillshire Brands Co. (HSH) . As part of the deal,