Hillshire Brands Acquiring Pinnacle Foods, Continuing Buying Spree
Pinnacle Foods Inc (NYSE:PF), marketer of brands such as Birds Eye and Duncan Hines, will be acquired by Hillshire Brands Co (NYSE:HSH) in a $6.6 billion deal that includes outstanding debt.
The deal involved the approval of private equity firm Blackstone Group LP, which owns 51 percent of Pinnacle Foods Inc . . .
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