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Pinnacle Foods' market share gains from its well-planned buyouts. Its cost-saving efforts are also yielding well. However, rising costs and sluggish Specialty segment remain woes.
[4] That year, Pinnacle Foods had its IPO on the New York Stock Exchange, raising approximately $580 million for its owners, the private equity Blackstone Group. Shares began trading under the ticker symbol PF on April 4 at the upper range of its offering, $20 per share, thereby valuing Pinnacle Foods with a market capitalization of $2.3 ...
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The food business of Dial, including Armour Star canned meats, was sold to Pinnacle Foods in March 2006. [17] In 2007 Pinnacle Foods was acquired by the Blackstone Group, a New York City-based private equity firm. [18] Conagra acquired Pinnacle Foods for $10.9 billion in 2018. [19] [20] In July 2006, ConAgra sold most of their refrigerated ...
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Stocks were mixed Friday on the heels of a key labor market report, ... Stock market news live updates: S&P 500, Dow jump to all-time highs after blowout July jobs report ... The Today Show.