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Pinnacle Foods Acquisition Being Questioned | Food Manufacturing

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in May
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Pinnacle Foods, Inc. by Hillshire Brands Company. Yesterday, the two companies announced the signing of a definitive merger agreement, pursuant to which Pinnacle Foods shareholders will receive $18.00 in cash and 0.50 shares of Hillshire Brands common stock for each share of common stock, for a total consideration of $36.48.

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