Stocks in Play

Menu Foods Income Fund

09:57 AM EST - Menu Foods Income Fund : announced that Arkansas-based Simmons Pet Food Inc. has agreed to acquire Menu Foods Income Fund for $239 million. After the disposition of the Fund’s assets, the units of the Fund will be redeemed for $4.80 per unit in cash. That represents a 65.5% premium to the March 15 closing price of $2.90, the last trading day prior to the Fund’s announcement that it would begin a strategic review. The share price is also a 46.8% premium to the closing price of $3.27 on Aug. 6. Menu Foods Income Fund shares T.MEW.UN are trading up $1.47 at $4.74.