High Liner Finalizes Acquisition of Conagra Seafood Brands for $12.6M Less Than Initial Agreement
In a press release published today by High Liner Foods, the frozen seafood processor officially completed its acquisition of Conagra Brands subsidiaries Mrs. Paul's and Van de Kamp's for USD $42.4 million, $12.6 million less than the initial $55 million disclosed earlier this month.
The adjusted price accounts for an estimated $23.8 million of inventory that was acquired as part of the closing transaction. This differs from the normalized target of $36 million, which was previously laid out in the...
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