Michael Foods, Inc. announced today that its parent, M-Foods Holdings, Inc., has signed a definitive agreement under which its owners, affiliates of Thomas H. Lee Partners, L.P. and certain current and former members of management, will sell Michael Foods to affiliates of GS Capital Partners.

The transaction, which is expected to close in the next two months and is subject to customary closing conditions, values Michael Foods at approximately $1.7 billion.

Michael Foods is a multinational...


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