MKC has acquired RBGLY's Food business for $4.2 billion, considerably ahead of originally anticipated bid prices.
Although perhaps expensive, MKC has emerged with an attractive set of brand assets including French's and Frank's RedHot.
Longer-term both shareholders in RBGLY and MKC should be happy with the deal's outcome even if RBGLY's are perhaps more content with the price tag.
READ FULL ARTICLE HERE