Transaction Overview
Trinity Capital LLC served as the exclusive financial advisor in the raid defense of a publicly traded Canadian Consumer Foods Company. The Company is a leading producer, marketer and distributor of specialty branded consumer food products, generating over $200 million in annual revenue.
In 2003, the Company received an unsolicited purchase offer from a corporate raider and formed a Special Committee to evaluate the offer. Trinity Capital was hired by the Special Committee to provide an extensive array of alternatives available to the Committee to satisfy fiduciary duties. Trinity Capital ultimately advised the Special Committee that the combination of recent mad cow disease discoveries and the resulting depressed stock price had attracted an opportunistic bid and did not reflect full value. The Special Committee rejected the unsolicited offer as inadequate and the Company's operations were given time to improve. The stock price has since recovered from its lows, resulting in greater value for its stockholders.
