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SUBSEQUENT EVENTS
12 Months Ended
May 26, 2024
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

21. SUBSEQUENT EVENTS

Subsequent to the end of fiscal 2024, we entered into a definitive agreement to acquire the manufacturing operations of an existing co-manufacturer of our cooking spray products. The initial cash consideration transferred was $46 million, which is subject to certain working capital adjustments. We also paid an additional $14 million to satisfy pre-existing liabilities mostly related to certain equipment finance leases. The business will be primarily included in the Grocery & Snacks segment. The transaction closed on July 1, 2024.