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  • Ocean Sole Planning an International Expansion Strategy Rajesh Nair Rajeev Verma

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    Pierre Foods Inc. moved here Has agreed to acquire Advanced Foods LLC, a provider of organic and plant-based products, in an all-cash deal worth $700 million. The cash consideration includes an earn-out of $100 million and contingent-settlement payments totaling up to $30 million if Advanced Foods meets certain financial targets, which would result in a net cash purchase price of $400 million. The acquisition will provide new growth opportunities for Pierre Foods, which has experienced significant growth in