Grupo Lala, S.A.B. de C.V. (BMV:LALA B) entered into an agreement to acquire certain U.S. branded business assets from Laguna Dairy, S. de R.L. de C.V. for approximately $250 million on May 30, 2016. As per terms, Grupo Lala is acquiring certain U.S. branded business assets which includes three production plants and 5 plus brands in an all-cash transaction. The transaction has been approved by Grupo Lala, S.A.B. de C.V.’s independent Audit Committee and Board of Directors. The transaction is subject to customary closing conditions and regulatory clearances. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Grupo Lala, S.A.B. de C.V. Mark Solomon, Peter Bogdanow, Will Becker, Matt Grunert, Lisa Shelton, Tony Eppert, Kyle Wood, Bill Rivers, Igancio Hirigoyen, Claire Neill and Ethan Post of Andrews Kurth, LLP acted as legal advisor for parent company of Laguna Dairy, S. de R.L. de C.V.