Lawsuits Slow Before Deadline On Kansas City-Based American Italian's Deal

Summary

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Litigation in Missouri aimed at stopping the sale of Kansas City- based American Italian Pasta Co. to Ralcorp Holdings Inc. is cooling off just before a key date in the deal.

A recent settlement between the companies and shareholders in Delaware litigation has helped diffuse legal action in Missouri for the time being, according to a filing with the Securities and Exchange Commission.

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Extract

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Lawsuits Slow Before Deadline On Kansas City-Based American Italian's Deal

Two sets of stockholders of North America's largest pasta manufacturer last month challenged the $1.2 billion offer from St. Louis-based Ralcorp. In two class action lawsuits in Jackson County Circuit Court, ...

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