Unilever’s Sale of Wish‑Bone and Western Brands to Pinnacle Foods

On August 12, 2013, Unilever announced that it has signed an agreement for the sale of its Wish‑Bone and Western dressings brands to Pinnacle Foods Inc. for a total cash consideration of approximately US$580 million, subject to regulatory approval. Cravath represented Unilever in connection with this transaction, which is expected to close later in the third quarter, or early in the fourth quarter, of 2013.

The Cravath team included partner Mark I. Greene and associate Gregory J. Ligelis Jr. on corporate matters; partner Michael L. Schler and associates Joanne J. Lee and William B. Abbott on tax matters; partner Matthew Morreale on environmental matters; and partner David J. Kappos and associates Gregory R. Baden and Benjamin D. Landry on intellectual property matters. Rachael G. Coffey and summer associate Lee Blum also worked on corporate matters and summer associate Christopher Davis also worked on intellectual property matters.