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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.
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 stock markets abroad, European indexes were mixed amid relatively modest movements. In Asia, Hong Kong’s Hang Seng fell 0.9%, while South Korea’s Kospi gained 1.1%.
Investing.com - Stocks in focus in pre-market trade Wednesday:
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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 (PF) Q2 performance is to gain from sturdy in-market performance cost-saving initiatives.
This corner of the stock market is bound to outperform once the Fed starts cutting rates, according to Goldman Sachs. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 2% ...