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.
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.