The 985,000 common shares held by Quaker represented a 4.8% stake in Gerber Products.
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Quaker Oats Co. said it sold Herrschners Inc. to Hi Acquisition Corp. for $19.3 million cash.
The company said it will receive a total of between $215 million and $220 million for selling the divisions to three unrelated purchasers.
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Quaker Oats Co. said Tuesday that it will divest its specialty retailing businesses, including Jos.
Quaker Oats, already involved in a messy takeover struggle for the maker of Gaines Burgers
Quaker Oats agreed Friday to acquire Golden Grain Macaroni Co., the maker of Rice-A-Roni, for an undisclosed amount.
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Anderson, Clayton & Co. announced Sunday that it signed a definitive merger agreement for its acquisition by Quaker Oats Co. for $812 million.
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