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Recently, Pinnacle Foods held its initial public offering, priced at $20 per share, at the high end of the expected range. The IPO brought in a net $627 million for the company, and the stock has ...
Pinnacle was to receive a $163 million payment as part of the breakup from Hillshire, and also receive an expected $25 million in one-time costs connected to the scotched sale. [7] [8] In March 2016, it was announced that CEO Robert Gamgort would be leaving Pinnacle Foods to be the new CEO of Keurig Green Mountain. [9] Mark A. Clouse, formerly ...
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]
Pinnacle Foods will release its quarterly report tomorrow, and the stock has made a nice run since coming public in late March. But now that all the IPO hype is behind it, the question is whether ...
The exponential growth of successful IPOs is discussed frequently but seldom the failures of bust IPOs. I believe that Pinnacle Foods is one such Why Pinnacle's Latest Acquisition Isn't That Lucrative
Conagra reacquired the brand through its acquisition, in 2018, of Pinnacle Foods which bought it from Procter & Gamble in 1997. Hines is widely honored in his hometown of Bowling Green, and a portion of U.S. Route 31W north of the city was named the Duncan Hines Highway after his death. [ 10 ]
Pinnacle Foods is getting its "wish" today. The branded food products company announced this morning it has signed an agreement to buy the Wish-Bone and Western salad dressing brands from owner ...
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 ...