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Unilever’s $2bn Ragu Auction Said To Lure Hormel, Smucker
date:Mar 25, 2014
Unilevers Ragu could be paired with foods like Spam and jam as Hormel Foods and J.M. Smucker Co. prepare for an auction of the pasta sauce, people with knowledge of the matter said.

Also considering a bid for Ragu are Pinnacle Foods Inc. (PF), Hillshire Brands Co. (HSH), Post Holdings Inc. and Japanese grocery supplier Mizkan Co., the people said, asking not to be identified as the information is private. With first round bids for Ragu, which may fetch as much as $2 billion, due at the end of

12/25 12:03