Michael Foods Inc. , the biggest producer of egg products in North America, will price $865 million of loans at 4.5 percentage points more than the London interbank offered rate, with a 1.75 percent Libor floor, according to a person familiar with the transaction.
Post Holdings Inc. agreed to acquire Michael Foods Group Inc., the processing and distribution business controlled by Goldman Sachs Group Inc.’s private-equity arm, in a $2.5 billion deal, people with knowledge of the matter said.
Post Holdings Inc. agreed to acquire Michael Foods Group Inc., the processing and distribution company controlled by Goldman Sachs Group Inc.’s private-equity arm, for $2.45 billion to strengthen its position in protein-based foods.
Michael Foods Inc. said its parent, M-Foods Holdings Inc., has signed a definitive agreement under which its owners, affiliates of Thomas H. Lee Partners LP and certain current and former members of management, will sell Michael Foods to affiliates of GS Capital Partners. The transaction, which is expected to close in the next two months and is subject to customary closing conditions, values Michael Foods at about $1.7 billion.
DynCorp International Inc. , the defense contractor being taken over by Cerberus Capital Management LP, is marketing bonds after spreads on high-risk, high-yield debt tightened to the narrowest in a month.