Fenwick & West LLP represented Diamond Foods, Inc. (NASDAQ: DMND) in its recently announced acquisition of the Pop Secret popcorn business from General Mills, Inc. (NYSE: GIS). Pop Secret is the second largest brand in the $900 million U.S. microwave popcorn category and offers a variety of flavors. Diamond Foods will pay approximately $190 million in cash for Pop Secret. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to be completed in the fall.
More information about the transaction can be obtained from the Diamond Foods Web site.
The Fenwick & West transaction team included corporate attorneys Douglas Cogen and Kee Bong Kim; technology transactions attorneys Morgan Fong, Robin Schulman and Diana Lock; patent attorney Stuart Meyer; patent engineers Matthew Harvey and Patricia Dyck, trademark attorneys Connie Ellerbach and Meredith Pavia; and antitrust attorney Mark Ostrau.
Fenwick & West also represented Diamond Foods in connection with its associated $250 million credit facility. The debt transaction was led for Fenwick by corporate attorney David Michaels.
Fenwick & West provides comprehensive legal services to clients of national and international prominence. The firm is ranked by Legal 500 as one of the top five West Coast M&A practices and by American Lawyer and Global Securities as one of the top 25 M&A firms in the U.S.—across all industries.