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Michael Foods, Inc., Minnetonka, Minn., announced that Post Holdings, Inc., St. Louis, intends to acquire the company and its related entities for $2.45 billion.
Poultry processor Townsends, Inc., Georgetown, Del., said it received final approval from the United States Bankruptcy Court for the District of Delaware to sell substantially all of its assets.
Organic Valley, America’s largest cooperative of organic farmers and one of the nation’s leading organic brands, said it is planning a $6.1 million addition to its La Farge, Wis., headquarters.