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Investing.com - Stocks in focus in pre-market trade Wednesday:
In 2007, Pinnacle Foods was acquired by the Blackstone Group, a New York City-based private equity firm. [3] In 2013, Pinnacle Foods' Parsippany office was named Inc. Magazine's "World's Coolest Office." [4] That year, Pinnacle Foods had its IPO on the New York Stock Exchange, raising approximately $580 million for its owners, the private ...
In 2017, JANA Partners revealed an 8.8% stake in Whole Foods [12] and stated intentions to make changes to the board of directors as well as improve the company's use of technology. [13] Later that year, the fund sold its 26 million shares for a profit of approximately $300 million, following the grocer's buyout by Amazon. [14]
Pinnacle Foods (PF) Q2 performance is to gain from sturdy in-market performance cost-saving initiatives.
In May 2014, Hillshire Brands announced it was buying Pinnacle Foods for US$4.23 billion in a cash and stock deal. Pinnacle Foods brands include Birds Eye, Duncan Hines, Hungry-Man and Swanson frozen TV dinners, among many others. [6] Days later, Pilgrim's Pride threatened the deal with its own bid for Hillshire Brands for $6.4 billion. [7]
While Amazon stock has risen roughly 17.5% across this year's trading, the S&P 500 index has delivered a dividend-adjusted total return of 19.5% as of this writing.
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Stock market today: Dow, S&P 500, Nasdaq fall as comeback bid falters and Tesla, Apple slide Yahoo Finance Gold just saw its biggest yearly gain since 2010 — here's why Wall Street says prices ...