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 (NYSE:PF). Blackstone took Pinnacle private in 2007 for $2.2 billion. The deal represents nearly a 300% increase in value from the point Blackstone took the firm private. It brought the company public in 2013 with a stock market launch. Cost savings equate to profits Hillshire Brands Co (NYSE:HSH) says the…
Hillshire Brands Acquiring Pinnacle Foods, Continuing Buying Spree
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.