The Work

June 21, 2010 12:05 PM

Bryan Cave, Husch Blackwell Help Cook Up $1.2 Billion Pasta Deal

Posted by Zach Lowe

We've got some deal news out of the Midwest, with Bryan Cave and Husch Blackwell Sanders taking lead roles on the food maker Ralcorp's $1.2 billion acquisition of the American Italian Pasta Co., according to lawyers who worked on the deal. 

Ralcorp, which is based in Bryan Cave's hometown of St. Louis, will pay $53 cash per American Italian Pasta share--a 27 percent premium on the company's Friday closing price, according to Reuters. Bryan Cave partners William Seabaugh and Stephanie Hosler led the firm's team on the deal, according to Seabaugh, who declined to comment further on the deal. Other partners on the deal for Bryan Cave included R. Randall Wang and Denis McCusker, the firm said.

Ralcorp, the successor to Ralston Purina, is a longtime Bryan Cave client; the firm advised Ralcorp on the company's $2.6 billion merger in 2007 with Kraft's Post cereal division, according to our archives. Ralcorp now makes the Post cereal brands as well as a variety of foods sold under specific store labels, Reuters says. 

Lawyers at Husch Blackwell who have done prior work for American Italian Pasta (which, like Husch Blackwell, is based in Kansas City, Mo.,) did not return calls seeking comment.

Separately, Ralcorp announced that it is acquiring a pair of cracker makers, North American Baking Ltd. and J.T. Bakeries Inc.

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