RBC Capital Upgrades Pinnacle Foods (PF) to Outperform

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Go back to RBC Capital Upgrades Pinnacle Foods (PF) to Outperform

Pinnacle Foods (PF) Terminates Merger Agreement with Hillshire (HSH)

June 30, 2014 4:56 PM EDT

Pinnacle Foods (NYSE: PF) announced that it has exercised its right to terminate the merger agreement between the Company and The Hillshire Brands Company (NYSE: HSH) announced on May 12, 2014.

Pursuant to the terms of the merger agreement, Pinnacle is entitled to receive a cash payment from Hillshire Brands of $163 million as a result of this termination. Pinnacle indicated that one-time fees and expenses associated with the merger agreement, including... More